Bitcoin
Bitcoin Price Prediction as Two Mysterious Whales Start Transferring Funds After 10 Years – What’s Happening?
Last updated: May 14, 2024 05:32 EDT | 2 minutes of reading
Bitcoin price prediction is a hot topic as two mysterious whales, inactive for over a decade, suddenly moved 1,000 BTC, worth around $60.9 million, in the last 20 minutes.
This unexpected activity intrigued market analysts and traders, generating speculation about potential market impacts and future price movements.
Two mysterious whales start transferring funds after 10 years
Two Bitcoin wallets that had been inactive for over a decade suddenly moved 1,000 BTC, valued at approximately $60.9 million, in the last 20 minutes. These transactions caught the attention of both market analysts and traders, arousing curiosity and speculation about potential impacts on the market.
2 wallets that were inactive for 10.7 years transferred all 1,000 $BTC($60.9 million) released in the last 20 minutes.
Wallet”16vRqA” received 500 $BTC($62,000 at the time) on September 13, 2013, when the price was $124.
Wallet “1DUJuH” received 500 $BTC($62K at the time) on September 12, 2013, when… pic.twitter.com/l5ivjrcRt5
– Lookonchain (@lookonchain) May 12, 2024
The wallets, identified as “16vRqA” and “1DUJuH,” received 500 BTC each in September 2013, when Bitcoin was priced at $124 per coin. This activity, reported by Lookonchain, raises questions about the motives behind the transfers and whether these movements could signal a significant change in market dynamics.
The sudden reactivation of these long-dormant portfolios may indicate future volatility or strategic moves by influential holders, making it crucial for investors to remain informed and vigilant.
Bitcoin Price Prediction
Bitcoin (BTC/USD) is trading at $62,022, down about 1.50%, with neutral Bitcoin Price Prediction. The 4-hour chart highlights a crucial point at $61,764, a critical level for traders to monitor. Immediate resistance is found at $63,824, followed by $65,506 and $67,222. On the downside, immediate support is at $60,185, with additional support at $58,812 and $56,640.
Technical indicators show that the Relative Strength Index (RSI) is at neutral 50, suggesting that there are no immediate overbought or oversold conditions. The 50-day exponential moving average (EMA) is $62,023, closely aligning with the current price.
A symmetrical triangle pattern is forming around the $61,760 level, indicating potential volatility. This pattern suggests that Bitcoin could break out in either direction. On the downside, a break below $61,764 could take the price to $60,185, with further declines potentially reaching $58,800 and $56,640.
On the other hand, if Bitcoin breaks above $63,000, it could reach resistance levels at $65,500 and $67,250. The outlook remains cautiously optimistic above $61,765, but a break below this level could trigger significant selling pressure.
Mega Dice pre-sale approaches the final phase with US$ 960 thousand raised: last opportunity before the price increase
The Mega Dice pre-sale is almost complete, having successfully raised $960,233.61 with over 13.91 million $DICE tokens sold out of a total of 14.7 million available. This increase in investment underscores the growing interest in crypto-integrated iGaming platforms in the Web3 space, where Mega Dice is making significant inroads.
Layer 2 solutions, which primarily improve Ethereum’s scalability, reflect market fluctuations. With Ethereum maintaining a dominant 63.42% market share and $54.3 billion in total value locked, its performance directly influences Layer 2 results.
In the rapidly growing GambleFi sector, Mega Dice stands out by leveraging its native $DICE token to revolutionize the online gaming experience. Players use $DICE to play, earning benefits such as entry into exclusive competitions and access to a loyalty program that promises generous rewards and VIP experiences.
Additionally, Mega Dice announced a buyback and burn strategy to maintain the scarcity of the token and increase its market value. With the pre-sale coming to an end and the next pricing phase imminent, now is a crucial time for potential investors.
Stay up to date with Mega Dice news on platforms like X/Twitter and Telegram, and consider joining the pre-sale before the price increases to $0.069 per $DICE token.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.