{"id":45502,"date":"2025-03-31T10:55:16","date_gmt":"2025-03-31T10:55:16","guid":{"rendered":"https:\/\/crypto-globe.com\/?p=45502"},"modified":"2025-03-31T11:00:34","modified_gmt":"2025-03-31T11:00:34","slug":"whales-prepare-to-buy-78000-worth-of-bitcoin","status":"publish","type":"post","link":"https:\/\/crypto-globe.com\/en\/whales-prepare-to-buy-78000-worth-of-bitcoin\/","title":{"rendered":"Whales prepare to buy $78,000 worth of bitcoin"},"content":{"rendered":"\n

The price of bitcoin is likely poised to fall below the USD 80,000 mark.<\/strong> This trend is indicated by various factors, including market analysis, large orders from whales, and the resulting gap on the CME.<\/strong> Many traders expect that the price of bitcoin may still fall to around USD 65,000.<\/strong><\/p>\n\n\n\n

Bitcoin price to fall below USD 80,000<\/strong><\/h2>\n\n\n\n

In a recent analysis, we learned that the price of bitcoin<\/a> is likely to drop below USD 80,000 soon. There are several factors behind this assumption that suggest a continued decline. Whales in the market are placing orders around USD 78,000, which could indicate a downward outlook for the bitcoin price. Analysts are starting to adjust their charts, with predictions of a drop to the USD 65,000 level.<\/p>\n\n\n\n

Many traders are keeping an eye on Friday’s closing price of CME<\/a> derivatives on the Chicago Mercantile Exchange, as the bitcoin price tends to return to that price early next week. This Friday, the price stood at USD 84,426, but the current price is well away from that value. A gap of 2.4% has been created that has not yet been filled, suggesting that the market<\/a> may continue to decline.<\/p>\n\n\n\n

Double top and whales<\/strong><\/h2>\n\n\n\n

Analyst Peter Brandt, who has focused on the bitcoin derivatives trading charts, has identified a double top pattern that suggests a decline all the way to USD 65,635.<\/strong> This pattern appears on the daily chart, and while the market may show some bounces, Brandt’s analysis suggests that the downtrend may still be in full swing.<\/p>\n\n\n\n

The whales in the market may play a key role in the future price of bitcoin. Keith Alan, an expert in spot order analysis, said that whales are placing orders as high as USD<\/a> 78,000 , which may indicate that they are planning purchases in that price range. While it is unclear whether this is market manipulation, this activity may indicate that the bitcoin price could stabilize or even bounce up once all orders are filled.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of bitcoin is likely poised to fall below the USD 80,000 mark. This trend is indicated by various factors, including market analysis, large orders from whales, and the resulting gap on the CME. Many traders expect that the price of bitcoin may still fall to around USD 65,000. Bitcoin price to fall below […]<\/p>\n","protected":false},"author":2,"featured_media":45495,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[162],"tags":[99,93],"class_list":["post-45502","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","tag-bitcoin-en","tag-cryptocurrencies"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t