Bitcoin has struggled to maintain the $60,000 level, frequently dipping below it over the past five days with $59,000 acting as support. During this period, large Bitcoin whales have been actively buying, including a recent purchase of 1,350 BTC worth $81.87 million from Binance, signaling growing optimism. Despite this whale accumulation, the overall market remains weak with bearish momentum dominating, suggesting that Bitcoin may continue to trade between $59,000 and $61,000 unless whale demand increases enough to push prices higher. If buying pressure strengthens, Bitcoin could rebound to around $64,500 in the near term.
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