Recovery is coming for Bitcoin: A sign

[TomPluz]

Still reeling from a historic price collapse this week, Bitcoin (BTC) received positive news on Thursday after a mysterious whale reportedly reaccumulated a large stash of the digital asset.

The whale managed to snatch up 3,521 BTC over three separate purchases on May 15, 18 and 19, according to the Itsblockchain news publication. The first purchase, on May 15, was for 753 BTC, and came a few days before the now infamous May 19 flash crash. The subsequent purchases, of 965 BTC and 1,803 BTC, respectively, were made as the market was plunging.

The average BTC price for the three purchases were $50,050.54, $44,782.37 and $41,897.02, respectively. Interestingly, this same whale offloaded 3,000 BTC on May 9 for an average price of $58,503.39.

Source: https://cointelegraph.com/news/bitcoin-whale-who-sold-at-58k-has-reaccumulated-3-521-btc

I can already sense that Bitcoin is now slowly inching its way to the road of recovery. With this as the sentiment, we can expect buyers and traders to be back soon so we can be normal again. Hopefully, we can be able to witness a reinvigorated and much braver Bitcoin, as well as stronger alts in the market.

Can you feel it too?

[cheezcarls]

Still reeling from a historic price collapse this week, Bitcoin (BTC) received positive news on Thursday after a mysterious whale reportedly reaccumulated a large stash of the digital asset.

The whale managed to snatch up 3,521 BTC over three separate purchases on May 15, 18 and 19, according to the Itsblockchain news publication. The first purchase, on May 15, was for 753 BTC, and came a few days before the now infamous May 19 flash crash. The subsequent purchases, of 965 BTC and 1,803 BTC, respectively, were made as the market was plunging.

The average BTC price for the three purchases were $50,050.54, $44,782.37 and $41,897.02, respectively. Interestingly, this same whale offloaded 3,000 BTC on May 9 for an average price of $58,503.39.

Source: https://cointelegraph.com/news/bitcoin-whale-who-sold-at-58k-has-reaccumulated-3-521-btc

I can already sense that Bitcoin is now slowly inching its way to the road of recovery. With this as the sentiment, we can expect buyers and traders to be back soon so we can be normal again. Hopefully, we can be able to witness a reinvigorated and much braver Bitcoin, as well as stronger alts in the market.

Can you feel it too?

This guy is smart enough to sell at the top and buy when it dips. Great decision and risk management from his side. Right now Bitcoin is trading sideways between $39k to $41k. The second wave bull run would begin if it breaks resistance level which I think is $42k and the support is strong maybe $38k.

Of course, I can feel that we are on the recovery stage again, but it would be slow and steady.

[Richard_1]

It is amazing to see a situation where bitcoin collapsed, only one "whale" managed to save it. It doesn't look serious. I think there were many factors for his growth. I hope this Bitcoin upward reversal continues for a long time to come.

[Fenix]

It is unlikely that one whale buying bitcoins is able to correct the situation with the fall of the cryptocurrency market. Today its price has dropped again to $ 36,000 - $ 37,000. For this we need good news on a more global scale. It is not yet clear where the cryptocurrency market will move in the near future. However, judging by the charts, the market entered a tough period of the bear market.

[Abubakar56]

From the little research have done there are lot's of whales accumulating bitcoin which will reall help bitcoin to recover faster but I still believe before bitcoin recovers is still going to dip more from my research I still believe bitcoin will still dip more before the bull run is going to start but I believe you can accumulate you bitcoin now and make sure you don't buy at once you can buy in percentage.