The price of Bitcoin (BTC) has been volatile, winning 9% in the last 30 days, but lowering 3% last week, its market capitalization oscillating approximately 2 billions of dollars. Despite the recent drawback, BTC seems to consolidate, because its EMA lines are negotiated closely, and its DMI graph indicates a low trend force.
Meanwhile, the number of BTC whales fell to its lowest level in one year, suggesting that some major holders have unloaded their parts. With a key support at $ 101,300 and resistance at $ 105,700, the next BTC decision will be crucial to determine if it continues to consolidate or tries a push around $ 110,000.
Bitcoin DMI signals uncertainty
The Bitcoin DMI graph shows its ADX to 16.6, fluctuating between 15 and 19 in the last two days, signaling a low trend force. ADX measures the strength of a trend, with values below 20 indicating consolidation and greater than 25 suggesting a stronger trend. At present, BTC lacks clear momentum in both directions.
The DMI graph also shows + DI at 17.5 and -Di falling to 23.8 from 27.2. In particular, -Di culminated at 40.9 two days ago, when BTC increased from $ 105,000 to $ 98,600 in a few hours. This suggests that the bearish pressure has been relaxed and the BTC is consolidated now.
If + di crosses -Di with an amount amount, an ascending trend could form. Otherwise, the price of the BTC can remain linked to the beach or continue its previous downward trend.
Bitcoin whales fall at the lowest level in one year
The number of BTC whales – Addresses holding at least 1,000 BTC – fell to 2,035, the lowest level since January 2024. A significant drop occurred between January 20 and January 24, when the counting has passed from 2,067 to 2,037.
This clear drop suggests that some major holders have unloaded their BTC, potentially turned in other rooms or by holding their money while waiting for new movements.
The follow -up of BTC whales is important because they hold a large part of the Bitcoin offer and can influence market trends. A drop in the addresses of whales can indicate the distribution, which means that major holders are sold rather than accumulating.
With the number of whales at a level of one year, the price of the BTC could cope with increased sales pressure, which makes it more difficult to maintain a high dynamic upwards. However, if a new accumulation begins, it could provide support and help stabilize the market.
BTC price prediction: Will it finally reach $ 110,000 in February?
The EMA lines of Bitcoin indicate a consolidation phase, because they are negotiated closely. The current level of support is about $ 101,300, which has been held so far.
However, if the Bitcoin price tests and loses this support, it could drop more to $ 99,400, with a deeper drop reaching $ 95,800.
Uplining, if BTC is growing, it could test the resistance at $ 105,700. An escape above this level can push the BTC price to $ 107,000 and $ 108,500, potentially opening the way for a move to $ 110,000 for the first time.
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