Bitcoin Sees $128 Million Whale Buy, Signals Bullish Trend

Bitcoin has recently experienced renewed bullish momentum, marked by a $128 million whale purchase and a breakout above a key descending trendline, with analysts predicting a potential 12–13% price rally if momentum continues. Institutional and corporate interest remains strong, with significant inflows into U.S. spot Bitcoin ETFs and large corporate acquisitions, reinforcing broader market confidence. On-chain data reveals substantial accumulation by long-term holders, while short-term holders have been selling, a pattern historically associated with market bottoms and trend reversals. Technical analysts point to bullish chart patterns, such as an inverse head-and-shoulders, and suggest Bitcoin may be ending its correction phase, possibly setting a durable base for further gains. Despite some warnings of overheated conditions, the current rally appears healthier due to spot-driven buying rather than leveraged futures activity. However, price resistance levels remain, and some analysts caution that a failure to break these could result in a reversal before any sustained move higher.