Bitcoin Network Shows High Potential for BTC Price Surge: Analyst

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Bitcoin Network Shows High Potential for BTC Price Surge: Analyst
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Here's big sign of a potential Bitcoin price spike, according to a popular analyst. $BTC ali_charts santimentfeed lookonchain

According to a tweet by"Smart Money" tracker @lookonchain, yesterday, a whale sold a massive amount of Bitcoin right after the price of BTC topped the $30,000 level.

Initially , this whale bought 46,542 Bitcoins on Bitfinex. He bought that at an average price of $20,083. Later, he sold 36,500 BTC from that stash on the same exchange at $28,039. An hour before the tweet's release, this"smart whale" sent 11,000 Bitcoins to Bitfinex and sold that for $330 million after Bitcoin surged above the $30,000 level for the first time in 10 months. The price growth happened on the back of the news about the CPI value that was released on April 13, dropping to 5% versus 5.2% expected by analysts.

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