Bitcoin Whales Exhibit Buying Patterns ”Similar to the 2020 Bull Market” – A Sign of a BTC Price Rebound?

Bitcoin (BTC) price has fallen below an ascending channel pattern, raising the possibility of it posting its worst quarterly performance since 2018, but some whales are
It has been reported that the cryptocurrency is showing a similar buyback pattern to the 2020 bull market. On-chain analyst Mignolet said in a recent analysis that Bitcoin whales
Addresses (holding between 1,000 and 10,000 BTC) have maintained a strong correlation despite market volatility, and are showing the same buying patterns as the 2020 bull market.
During this bull run, this pattern has occurred three times, and whales have a tendency to quickly buy up BTC, especially when the market goes into a bear market. This is because large investors are likely to take control of the market.
Despite Bitcoin currently experiencing a price correction, Mignolet said he believes “market-driven whales are
"There are no signs of a selloff yet," the analysis said. A similar buyback speed can be seen in the "Pattern 3" section of the chart, but the price of BTC is still moving sideways.
As the New York trading session began, Bitcoin rallied to fill the CME futures gap, the difference between Friday's closing price and Sunday's opening price.
Bitcoin has started the week strong, but major economic events in the United States this week could impact BTC price.
The JOLTS job openings report, scheduled for April 1, is a measure of labor market demand and, if it declines, could signal an economic slowdown.
The next day, on April 2, the US tariff policy will impose tariffs of 20% or more on 25 countries.
The Chairman of the Board is scheduled to speak on the non-farm payrolls (NFP) and unemployment rate. According to reports, Bitcoin's immediate goal is to turn $84,000 into support. If it does reach $84,000,
A breakout above $4,000 would likely see BTC rise above the 50-day exponential moving average (EMA) and into the supply zone of $86,700-$88,700 in the short term.
Conversely, if it continues to remain flat below $84,000, that price range will act as a strong resistance and BTC will correct to the downside liquidity range of $78,200-$76,560.
There is also a possibility that this will happen.