Bitcoin Price Nears $75,000 Amid Whale Accumulation
- Whale Buying Surge: Over the past 30 days, whales have purchased 270,000 BTC, marking the largest accumulation phase since 2013, indicating strong confidence from large holders that could drive prices higher.
- Exchange Reserves Decline: Current Bitcoin reserves on exchanges have fallen to their lowest level since December 2017, suggesting a decrease in the number of coins available for sale, which may exacerbate price volatility and impact short-term supply-demand dynamics.
- Negative Funding Rate Signal: Bitcoin's seven-day moving average funding rate has dropped to -0.005%, the lowest since 2023, indicating a market leaning towards downside risks, which could trigger a short squeeze if prices rise.
- Geopolitical Impact: Following President Trump's announcement of a 10-day ceasefire agreement between Israel and Lebanon, Bitcoin rebounded from $73,000 to $74,800, reflecting the market's sensitivity to geopolitical developments that may influence investor risk appetite.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2.396 | 2.583 | 2.744 | 2.931 | 3.092 | 3.279 | 3.44 |
| Fibonacci | 2.583 | 2.716 | 2.798 | 2.931 | 3.064 | 3.146 | 3.279 |
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