Lokesh Gupta
22-01-2025
In the past 24 hours, Bitcoin (BTC) price has climbed by 3%, driven by significant purchases from crypto whales and MicroStrategy. Will $BTC surpass its previous high of $109,350, which was seen on Donald Trump’s inauguration day.
According to Ali Martinez, it's been 276 days since the last Bitcoin ($BTC) halving. Historically:
- In 2013, the market peak happened 367 days after the halving.
- In 2017 and 2021, market tops occurred 527 days post-halving.
If these patterns hold, the next market peak could be just 90 to 250 days away.
In the past 72 hours, crypto whales have collectively purchased over 22,000 Bitcoin ($BTC), valued at more than $2.24 billion, as reported by crypto analyst Ali Martinez on X.
Among these major acquisitions, Lookonchain has reported that MicroStrategy added 11,000 BTC to its holdings, totaling $1.11 billion, at an average price of $101,191 between January 13 and January 20, 2025. With this purchase, MicroStrategy’s total Bitcoin holdings now amount to 461,000 BTC, valued at $48.08 billion, with an average purchase price of $63,610.
The Bitcoin network continues to show robust activity, with a simultaneous rise in daily active addresses and large-scale transactions by whales. According to crypto analyst Ali Martinez on X, this trend points to a promising outlook for potential price growth.
On the 4-hour chart, Bitcoin is consolidating after hitting a new high of near $109,000. The price is now trading within a small triangle pattern, maintaining support above the 20, 50, 100, and 200-day moving averages. This indicates strong upward momentum. Additionally, the RSI and MACD are both showing positive signals, suggesting that BTC could soon reach new all-time highs.
Bitcoin's bullish momentum is being fueled by solid whale purchasing activity and MicroStrategy's continuous bitcoin holdings. With historical patterns pointing to an upcoming market high and good technical indications indicating additional rise, Bitcoin appears prepared to break its previous record and continue its upward journey.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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