Bitcoin (BTC) whale activity and the weighted sentiment of the crowd suggest a bullish bias is taking over the cryptocurrency. As the ‘Fear Of Missing Out’ (FOMO) rises, BTC could set a clear way upwards to $70,000 this week.
The Santiment‘s verified analyst, Brian Q, published an insight on April 23 highlighting the convergence of these two indicators.
Notably, Bitcoin Whales‘ percentage of the supply is back to higher grounds, above 25%, indicating significant whale accumulation. Meanwhile, the crowd’s bullish bias is the highest since March’s new BTC all-time high, measured by Santiment‘s weighted sentiment index.
According to the analyst’s forecast, Bitcoin could be heading toward the $70,000 psychological resistance level while FOMO takes over.
Bitcoin 1K-10K BTC Wallets Supply Held & Sentiment. Source: Santiment/BrianQ
Bitcoin key levels as FOMO takes over
In the meantime, the prominent cryptocurrency trader and analyst CrypNuevo on X sees a key r
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