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Whale clusters show that the key short term support areas for Bitcoin are $16,694, $16,411, and $16,064.

Africa’s largest economy has become a bastion for crypto adoption.

Bitcoin price hit $19,469 for the first time since December 2017, but there are crucial factors that might prevent BTC from hitting a new all-time high.

Bitcoin’s bull market is having a dramatic effect on demand for hardware resources as miners look to ramp up production.

XRP price rallied 91% in the past month and data shows these three fundamental factors may be behind the break above the current multi-year range.

Traders expect Ethereum price to move higher after the altcoin secured a new 2020 high at $547 today.

Data show Bitcoin whales have set large buy orders in the $17,000 to $17,200 zone in order to protect the current BTC rally.

Bitcoin price dropped below the parabola on the 12-hour timeframe but traders aren’t calling for a big correction yet.

Bitcoin price abruptly dropped to $15,670 before traders stepped in to defend the $16,000 level.

Data shows Bitcoin whales and institutions are behind the current rally, a signal that the next bull market may be stronger than the one seen in 2017.