Key BTC Price Levels to Watch

The first resistance lies between $105,700 and $110,000. If Bitcoin manages to clear this zone, the rally could extend towards the $115,000 range and even push toward a new Bitcoin ATH.

Bitcoin price is showing signs of a breakout as it trades at a crucial resistance level.

What Levels To Watch

First resistance for Bitcoin price is between the $105,700 and $110,000 zones. If Bitcoin manages to clear this zone, the rally could extend towards the $115,000 range and even push toward a new Bitcoin ATH.

On the support side, the key levels to monitor are $100,000 as the primary support, followed by $86,939 as a secondary support level. A strong bounce from these zones would further validate bullish sentiment.

Current Whale Positions: What the Big Players Are Doing

The latest data from Bitget shows that the whale holding a $390 million BTC position is already sitting on an unrealized profit of over $283,000. This massive position is backed by 40x leverage, a clear sign that big players are betting heavily on Bitcoin’s breakout.

Other major positions in the market include over $41 million in kPEPE longs, already generating more than $15 million in profit, and a significant position in XRP, although that one is currently at a loss.

This aggressive whale behavior suggests that smart money is preparing for a major move—likely aiming for Bitcoin to reclaim its all-time high or even surpass it.

Bitcoin Price Prediction: Will Bitcoin Hit a New ATH Soon?

With whales making aggressive moves and Bitcoin USD hovering just below major breakout levels, all eyes are now on BTC. If momentum continues, Bitcoin could be on the verge of reaching a new all-time high (ATH).

Want to join the action before the next pump? Buy Bitcoin easily and securely on Bitget – Sign Up Here and Be Ready for the Rally!

The post Key BTC Price Levels to Watch As Bitcoin Pushes Toward Crucial Resistance appeared first on Bitget News Blog.

As of September 1, 2024, Bitcoin price is showing signs of a breakout as it trades at a crucial resistance level. The cryptocurrency is currently trading at around $104,000, which is the lower bound of the $105,700-$110,000 resistance zone.

If Bitcoin can manage to break above this zone, the next resistance level could be at the $115,000 range, which is the Fib 0.382 level of the 2019-2021 bull market. A break above this level could clear the way for a move toward a new all-time high (ATH) of around $120,000.

On the support side, the key levels to monitor are $100,000 as the primary support, followed by $86,939 as a secondary support level. A strong bounce from these zones would further validate bullish sentiment.

Current Whale Positions: What the Big Players Are Doing

The latest data from Bitget shows that the whale holding a $390 million BTC position is already sitting on an unrealized profit of over $283,000. This massive position is backed by 40x leverage, a clear sign that big players are betting heavily on Bitcoin’s breakout.

Other major positions in the market include over $41 million in kPEPE longs, already generating more than $15 million in profit, and a significant position in XRP, although that one is currently at a loss.

This aggressive whale behavior suggests that smart money is preparing for a major move—likely aiming for Bitcoin to reclaim its all-time high or even surpass it.

Want to join the action before the next pump? Buy Bitcoin easily and securely on Bitget – Sign Up Here and Be Ready for the Rally!

The post Key BTC Price Levels to Watch As Bitcoin Pushes Toward Crucial Resistance appeared first on Bitget News Blog.output: Bitcoin price is still holding up well as it trades at a crucial resistance level.

What Levels To Watch

First resistance for Bitcoin price is between the $105,700 and $110,000 zones. If Bitcoin manages to clear this zone, the rally could extend towards the $115,000 range and even push toward a new Bitcoin ATH.

On the support side, the key levels to monitor are $100,000 as the primary support, followed by $86,939 as a secondary support level. A strong bounce from these zones would further validate bullish sentiment.

Current Whale Positions: What the Big Players Are Doing

The latest data from Bitget shows that the whale holding a $390 million BTC position is already sitting on an unrealized profit of over $283,000. This massive position is backed by 40x leverage, a clear sign that