Bitcoin prices have experienced a recovery, moving above $67,000 after a recent dip. This rebound corresponds with whale accumulation, as large holders now control an unprecedented 670,000 BTC. This situation is considered a positive indicator for Bitcoin's long-term outlook, suggesting possible future price increases.
Expert analysis points out that such accumulation phases often lead to sideways patterns or mild declines before significant upward movement. Historically, this has been the "calm before the storm." The analyst expresses concern over potential risks related to the upcoming US presidential elections, which could affect the bull cycle.
Despite these risks, Bitcoin's market performance and technical signals, such as the MACD indicator, show a bullish trend similar to that of 2021. This has led to optimism about breaking past the consolidation phase and achieving a new all-time high in price.
