- Bitcoin’s bullish sentiment is high, and it is likely to break and close above $40,000 soon.
- USDT whales have been buying Bitcoin, and if they continue, $40,000+ may be just around the corner.
- Bitcoin may have about 700 days of bullish momentum ahead and could hit $94,000 or even $180,000 by 2025.
- Two anonymous whales have just dumped more than $90 million worth of Bitcoin each into Coinbase.
- Bitcoin is attempting to break above the $38,000 zone and could hit $45,000 before year-end.
Bitcoin’s bullish sentiment has been at a high as of late.
According to the charts, Bitcoin has moved way beyond speculation and will likely break and close above $38,000 very soon.
Let’s go over what this means, and what analysts have to say about Bitcoin’s journey.
USDT Whales Are Lapping Up Bitcoin, Santiment Says
According to a recent post from Santiment on X, Bitcoin’s recent break above $38,000 on Friday this week was the first of its kind since 5 May, 2022 (more than a year ago).
Santiment also mentions that among all of the factors that caused this pump, the top USDT whales may have outdone themselves.
In fact, the largest 100 USDT addresses have raked in nearly $1.7 billion worth of Bitcoin over the last 6 months.
Santiment concluded the post by saying that if these whales continued buying Bitcoin this way, $40,000 may just be around the corner.
Bitcoin May Have About 700 Days Of Bullish Momentum Ahead
According to data taken from TradingView, Bitcoin has rallied this year, by about 140% as shown below:
Bitcoin has come a long way from being worth a little over $15,000 at the start of the year to nearly hitting $40,000.
However, according to analyst, Ali, Bitcoin might have a whole lot of bullish days ahead.
In a recent Twitter post, the analyst shared a few insights about a pattern shown by Bitcoin’s historical bull runs between 2015 and 2022.
According to Ali, if the recent bullishness we have seen on Bitcoin this year is the start of a new bull run, then we can expect the bullishness to end sometime around October 2025.
Judging by this, it means that we can expect Bitcoin to continue being bullish by as many as 700 more days.
As far as predictions go, CryptoCon, another technical analyst believes that we might see Bitcoin hit the $94,000 zone at least, and $180,000 at most, before the end of 2025.
CryptoCon made his analyses based on what he calls “the most accurate Log Regression Curves in existence”.
CryptoCon also mentioned that this metric accurately predicted the $64,000 top in 2021 and that he used it to sell his coins at $54,000.
Meanwhile, This Happened…
According to some recent insights provided by Whale Alerts on Twitter, two anonymous whales have just dumped more than $90 million worth of Bitcoin each into Coinbase.
The first whale, according to Whale Alert, transferred 2,590 BTC (worth about $98,082,646 at current prices) into Coinbase on Saturday this week.
The Second whale, on the other hand, transferred roughly the same amount into the same crypto exchange according to Whale Alert.
The interesting thing about these transfers is that they both happened at the exact same time, from two separate addresses.
The timestamp on both transactions sits at exactly Saturday 25 November, 00:14:31 UTC.
What do you think?
Is this simply a coincidence? Are both of these transfers from the same whale? If they are, does the whale intend to dump them on the market? If yes, how soon will this happen?
Bitcoin In The Charts
After a spectacular October, Bitcoin has spent most of November in a tight range between the $32,913.37 and $38,000 range (yellow lines below).
However, just like Santiment mentioned, Bitcoin is attempting a break above the $38,000 zone as we speak.
Bitcoin’s RSI has also normalized from its overbought position and is now showing that the bulls are in control.
With the coming crossover between the RSI’s signal line and the MACD, we can expect Bitcoin to turn fully bullish very soon.
Will Bitcoin hit $45,000 before year end?
All facts point towards a yes, unless for some reason, we see a sudden drop in Bitcoin’s price and a break below $32,800.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.