Bitcoin Price Prediction: Whales Buy 300% Supply as BTC Battles $85K
Bitcoin whales are buying 3x the daily mined supply while BTC flirts with $85K. Will this accumulation trigger the next breakout?
Quick overview
Big players—wallets holding 100-1,000 BTC—are buying the dip. Glassnode shows they’re taking in 300% of the daily Bitcoin supply, more than miners produce each day.
This isn’t speculation. It’s a long term play.
At the same time exchange outflows are rising, whales are moving their coins to cold storage instead of keeping them on exchanges. That’s a bullish sign—it reduces selling pressure and shows increasing confidence in Bitcoin’s future.
Key Points:
- Large holders are buying 3x the daily BTC supply
- Exchange balances are shrinking
- Long term holding sentiment is growing
Bitcoin Technical Resistance Caps Short-Term Gains
Right now Bitcoin is at $85,120, stuck beneath the resistance zone around $86,000. This level has capped upside moves for weeks. Price is coiling into a tighter range, bounded by support around $84,300.
Technically the 50 EMA ($84,200) and 200 EMA ($84,180) are below, the short term floor. A break above $86,000 could open up $87,300 and possibly $88,500 but buyers need to be convinced.
Current Key Levels:
- Immediate Resistance: $86,000
- Next Resistance: $87,300 → $88,500
- Support: $84,300
- Deeper Support: $83,100 → $81,500
Bitcoin Market Setup: Cautious Bullish
This is the same setup as 2020—whale accumulation, exchange supply dropping and resistance squeeze. While the MACD is slightly bullish, volume is missing.
A clean break above $86,000 with volume could trigger the move. On the flip side a drop below $84,300 would test $83,100 support. For now it’s about patience and positioning.
Trade Setup:
Entry: Buy above $85,500 on breakout confirmation
Targets: $87,300 → $88,500
Stop Loss: Below $84,000
Conclusion:
Bitcoin’s fundamentals are strengthening with whales doubling down—but technically, price is still locked in consolidation. Watch for volume and breakout confirmation before calling the next move.
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