Bitcoin (BTC) has failed to break past the $60,000 resistance zone, with the maiden cryptocurrency consolidating below this level. A break above the $60,000 resistance is a significant catalyst likely to propel Bitcoin to a new all-time high.
Amid the current price movement, Bitcoin has witnessed increased whale activity as investors anticipate a possible breakout.
For instance, crypto analyst Ali Martinez shared data in an X post on August 19, revealing that Bitcoin whales have recently realized over $92.7 million in profits. According to the latest data from CryptoQuant, a surge in profit-taking activity occurred between late July and mid-August.
Bitcoin whales realized profits. Source: CryptoQuant
Notably, there was a spike on August 9, coinciding with a period when Bitcoin was recovering after a flash crash below the $50,000 mark.
Bitcoin price prediction
Amid this increased whale activity and consolidation, attention is focused on how Bitcoin will trade in the comi
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