Bitcoin (BTC) Targeting the $73,000 level ! Once #BTC breaks this level it might rally to $91,500 very quickly.

Many bullish factors are hinting that Bitcoin is heading toward a $91k minimum to $110k maximum target price.

cryptanalytic platform, reported that the Bitcoin network is seeing significant activity from new whale wallets, which are adding about $1 billion worth of BTC daily.

The report assumed that Institutional investors might be buying BTC and moving it to self-custodial Bitcoin wallets. Long-term holders have gathered 70,000 BTC in the last 30 days, and this data showed that whale demand for BTC is increasing by 4.4% per month.

Analysts noted that the current Bitcoin market situation is similar to 2020, a pre-Bitcoin rally phase.

Large Bitcoin (BTC) investors are injecting $1B daily into #Bitcoin   & this situation is fully resembling with 2020's pre-rally activity. Source: CryptoQuant pic.twitter.com/CyIaggBeAy

In the last couple of weeks, the hype around Ethereum, because of ETH spot ETF applications approval by the United States Securities and Exchange Commission (SEC), was huge so the majority of the whales were buying Ethereum which badly impacted the bull sentiments around the Bitcoin market but the latest data showed that whales now changed their inclination toward Bitcoin.

#Bitcoin: The whales' appetite for buying has returned strongly“They are now returning with strong buying power once again, which indicates that the current prices are suitable for buying and accumulating.” – By @abramchart Full post ?https://t.co/lYGUHk72Hf

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