Bitcoin Stuck Below $100K as Whale Demand Remains Weak

Bitcoin has been unable to break past the $100,000 mark for over a week, with whale accumulation showing only a slight recovery. Large investors remain cautious, keeping demand lower than in previous months. Without strong buying pressure, Bitcoin could face more downside, while a break above key resistance could bring back bullish momentum.

The Ichimoku Cloud indicator presents mixed signals, reflecting market indecision. Bitcoin is currently trading near the cloud but lacks a clear trend. The Kijun-sen and Tenkan-sen lines remain close, signaling weak momentum. Additionally, the cloud itself is thin in some areas, meaning it offers little support or resistance. While Bitcoin has recently moved below the cloud—a bearish signal—the cloud ahead appears neutral, making the overall trend uncertain.

The Chikou Span is hovering near the price, further confirming a lack of direction. If the cloud expands in the coming days, it could provide better trend clarity, but for now, neither bulls nor bears seem to have control. The thin cloud and compressed indicator lines suggest that Bitcoin is in a low volatility phase, with no strong directional bias.

Whale activity remains an important factor to watch. The number of Bitcoin whale addresses—wallets holding at least 1,000 BTC—recently hit a yearly low and has only shown a slight recovery. After a decline in January, the number of whales attempted a rebound but remains below previous months' levels.

A lower number of whales suggests that major investors are not accumulating at the same pace, which can weaken Bitcoin’s price support. While there has been a modest increase, it is not enough to indicate strong confidence from large holders. A consistent rise in whale addresses would signal renewed faith in Bitcoin, while stagnation or further declines could point to continued hesitation.

Bitcoin’s price action remains uncertain. Short-term moving averages are still below long-term ones, keeping the market in a bearish state. Currently, Bitcoin is hovering near a critical support level—if it falls below, selling pressure could increase, leading to a deeper decline.

On the upside, Bitcoin must break through major resistance to regain momentum. If the price pushes above this key level, it could open the door for a move toward six-figure territory. If bullish momentum strengthens, Bitcoin could test higher resistance zones, potentially continuing an upward trend.

For now, traders remain cautious as Bitcoin struggles to find direction. Without a clear sign of strong accumulation or bullish momentum, the market remains in a phase of uncertainty.