{"id":2188,"date":"2022-02-26T07:37:56","date_gmt":"2022-02-26T07:37:56","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=2188"},"modified":"2022-02-26T07:37:56","modified_gmt":"2022-02-26T07:37:56","slug":"bitcoin-whales-fuel-btc-price-comeback-as-stocks-brush-off-russia-ukraine-shocks","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2188","title":{"rendered":"Bitcoin whales fuel BTC price comeback as stocks brush off Russia-Ukraine shocks"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) kept $40,000 in play at the Wall Street open on Feb. 25 after 16% daily gains increased bulls&#8217; confidence.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>Whales &#8220;leading the charge&#8221; towards $40,000<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD circling the $39,000 mark at the start of trading Feb. 25, geopolitical turmoil failing to induce a fresh major sell-off.<\/p>\n<p>Stocks also benefited as the week came to a close, with Germany&#8217;s DAX up 3% on the day and the FTSE 100 up 4% in London.<\/p>\n<p>Signals from the Russia-Ukraine conflict provided an additional boost, with the prospect of talks being raised by Ukrainian president Volodymyr Zelensky to end hostilities.<\/p>\n<p>With $34,300 this week&#8217;s floor, optimism was slowly increasing over a rematch with $40,000 resistance.<\/p>\n<p>&#8220;Purple Whales are leading the charge,&#8221; monitoring resource Material Indicators noted about a chart showing a fresh spate of buying from both small and large investors. <\/p>\n<p>&#8220;Historically, this class has had the most direct correlation to Bitcoin price. If BTC bulls can push past $41.5K, then $45K should come into focus rather quickly.&#8221;<em>Binance orderbook chart. Source: Material Indicators\/ Twitter<\/em><\/p>\n<p>Popular trader and analyst Pentoshi, meanwhile, revealed that he planned to wait for $40,000 to hit before reducing BTC exposure.<\/p>\n<p lang=\"en\" dir=\"ltr\">Have my next sells at 40.3k (initial was 38.5 for TP1) <br \/>(1) 38.5k <br \/>(2) 40.3   <br \/>(3) 41.6k<\/p>\n<p>40.7k is the summer range high and looks like market will likely get another stab at it for $BTC <\/p>\n<p>Will look for 37.5-38k to hold on any dips this weekend <\/p>\n<p>Still no HH so playing this range https:\/\/t.co\/u6JTk0WCxl pic.twitter.com\/Ra1Ej46HdG<\/p>\n<p>\u2014 Pentoshi  (@Pentosh1) February 25, 2022<\/p>\n<p>As he noted, however, on longer timeframes, there was still no overall shift in the paradigm for BTC price action, which continued to stick to a rigid range.<\/p>\n<h2>Bitcoin dominance pushes higher<\/h2>\n<p>Altcoins moved in step with Bitcoin, providing some relief for embattled bagholders.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin investors \u2018buy the dip\u2019 as BTC nears $40K, gaining 16% in less than 24 hours<\/em><\/strong><\/p>\n<p>Ten percent daily gains were commonplace, while the top ten cryptocurrencies by market cap were led by Terra (LUNA), which was up 20% on the day to $65.40.<\/p>\n<p>Ether (ETH) hovered near $2,700, still down 5.7% compared to the same time last week.<\/p>\n<p>&#8220;Dominance is still on track for further upside, though this upward progression towards the red level may extend into early March,&#8221; trader and analyst Rekt Capital commented on a chart about Bitcoin&#8217;s market cap presence versus altcoins.<\/p>\n<p><em>Bitcoin dominance annotated chart. Source: Rekt Capital\/ Twitter<\/em><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-whales-fuel-btc-price-comeback-as-stocks-brush-off-russia-ukraine-shocks\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) kept $40,000 in play at the Wall Street open on Feb. 25 after 16% daily gains increased bulls&#8217; confidence. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales &#8220;leading the charge&#8221; towards $40,000 Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD circling the $39,000 mark at the start of trading Feb. 25, geopolitical turmoil [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2189,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-2188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2188"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2188\/revisions"}],"predecessor-version":[{"id":2190,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2188\/revisions\/2190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2189"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}