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Whalemap: Bitcoin price could rise to $ 46,000

The whalemap service allowed the price of bitcoin to rise to $ 46,000 after passing the $ 40,000 mark.

According to the service, in the purchase price range ($ 33,000- $ 40,000) there are about 461,000 addresses belonging to large holders of digital gold. In the next price range ($ 40,000- $ 46,000), the situation is different – at these levels, bitcoin whales bought cryptocurrency much less often.

Analysts believe that if digital gold quotes overcome the resistance at around $ 40,000, it will provoke a powerful rally towards the target at $ 46,000.

After reaching the target level, the upward movement may stop – some whales will want to hedge the risks by selling part of the coins at breakeven.

According to whalemap, large investors have also been actively accumulating digital gold at prices in the $ 50,000- $ 60,000 range.

Earlier, Santiment experts noted that amid a market correction, whales have increased their positions in the first cryptocurrency. According to the company, over the past month, bitcoin addresses with a balance of more than 1,000 BTC in aggregate acquired 80,000 BTC as the exchange rate fell.

On June 14, Bitcoin price broke through the resistance level at $ 40,000.

BTC / USDT chart of exchange Binance. Data: TradingView.

Recall that Elon Musk said that Tesla will resume selling electric cars for Bitcoin when he confirms that at least half of the miners have switched to renewable energy.

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