$15.79M BTC whale move sparks buzz – Can Bitcoin finally target $100K?

As the crypto market begins to rebound, a dormant whale has resurfaced and withdrawn a massive 171 BTC worth $15.79 million, signaling a potential accumulation phase. 

Is Bitcoin’s downtrend coming to an end?

Bitcoin’s broader trend remains bearish, as the asset has been moving within a lower-high and lower-low structure. The recent upside move has pushed BTC back toward its lower-high region.

If BTC breaks above this structure, there is a strong possibility it could end the prolonged bearish trend and shift into a bullish phase.

Whales’ interest in Bitcoin [BTC] continues to rise as the price steadily rebounds.

Over the past two trading sessions, Bitcoin has risen more than 8.3%, at the time of writing, moving in step with the broader market and maintaining its upward trend.