Thank you for reading this update.
Bitcoin (BTC) appears to be in a crucial area known as the Dollar-Cost Averaging (DCA) whale protection zone. This zone is significant for maintaining the current trend, as it acts as a security zone for the ongoing DCA cycle, which remains intact.
We have been tracking BTC since it reached 53K and are now monitoring it as it approaches the next target of 74K. If BTC can confirm a move to 74K, there is a high likelihood of a major breakout to 100K.
We find it essential to stay updated with the volume trends and observe the cycle's progress.
At this moment there is no confirmation for a breakdown trend and BTC stays positive and into the cycle.
Data shows that high-volume DCA whales are not investigating for just the short term, it's a goal that can take at least 6m+, and this can be tracked depending on the transaction data.
* With DCA whales means the known large firms and the unknowns holding wallets.