Bitcoin (BTC) 
$62,401 price Today it dropped to $62,128 and we saw losses exceeding 5 percent in altcoins such as Shiba Coin. Those who lose quickly during a decline can also react quickly during a rise, and short-term fluctuations have long been turned into opportunities for investors. However, at some point, these narrow gap ups and downs must result in an upward break. 2 popular cryptocurrency analysts TABLE And SUI Coin While sharing his predictions for , Ki Young Ju focused on BTC whales in his latest analysis.
MASA and SUI Coin Reviews
When will the big rises begin for altcoins? As ETH price rushes to a new all-time record, we will probably see this start with the BTCD decline. However, in this process, some cryptocurrencies will diverge positively and continue to see their all-time record prices.
One of these was SUI Coin. We have seen increased network activity coupled with a lot of good news driving the price higher with strong liquidity inflows. Scott Melker in his latest market assessment SUI Coin Sharing his current chart for , he wrote:
“This bull flag, and the chart in general, should be studied by Technical Analysis enthusiasts for generations to come.”
Seeing its peak again, SUI Coin provided a mouth-watering sales opportunity for many investors. However, since it has not moved away from the $2 region, there is a potential for the rally to continue unless there is an abnormal BTC decline or volume sales. It is possible that this bull flag breakout will lead to a larger top.
Michael Poppe to draw attention to the possible buying opportunity MASA Coin shared his chart.
“Markets are still challenging, but these provide opportunities to buy on dips.
MASA had a small rise to $0.085 but has not yet received all the liquidity. The bottom is $0.06, support is there and another rise is expected towards $0.12-0.13 as the next target.”
Bitcoin Whales Chart
Bitcoin whales It may be on the eve of a significant change for you. CryptoQuant is one of the largest blockchain data companies and visualizes on-chain data. In the final evaluation, the company’s CEO, Ki Young Ju, drew attention to the generation change in whales.
“Bitcoin whales are experiencing a generational change. Since Bitcoin’s inception, new whales have invested $108 billion, while old whales have invested $113 billion. This ratio is currently 48:51. “The realized capital of new whales is expected to soon exceed that of old whales.”
Trading in a relatively narrow range for maturity for more than 6 months BTC The unnoticeable consequence of the price is the generation change in whales. He says that although we do not see much of the power of new large investors in the spot price, assets have changed hands significantly and they are preparing for the upcoming bull season with strong capital.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
