$3 Million Bet That Turned into $250 Million: Bitcoin Whale Could Trigger the Next BTC Mega Surge!

Bitcoin is making waves once again as BTC surged over $86,500, with a 2.7% gain in the last 24 hours. This price rise has brought excitement back to traders, but uncertainty still looms. There is still a mix of macroeconomic issues, inflation fears, and global trade concerns that continue to cast a shadow over risk assets. As if that weren’t enough to consider, a Bitcoin whale that hasn’t been active in a long time just moved $250 million worth of BTC, raising the question of what could happen. Now with volatility rising, everyone is wondering what’s next for the leading crypto asset.

Dormant Bitcoin Whale Moves $250 Million, Stirring Volatility Concerns

Contributing to market jitters, Arkham Intelligence disclosed that a Bitcoin whale, which has been inactive for several years, has recently made a move with over $250 million worth of BTC. This whale purchased the coins in late 2016 and turned an initial investment of $3 million into a diversified profit. Once again, speculators speculate about potential selling pressure from significant movements from large holders – something that is concerning when you combine the fragile nature of the market currently. 

Bitcoin Faces Key Resistance Levels Amid Market Volatility

At present, Bitcoin is sitting near the $86,870 level with key resistance in the $86,000 area, supported by both the 200-day MA and EMA. A strong breakout above this level could set off a renewed bullish trend that may result in a BTC surge to $88,000, where there is stronger resistance. If this level is not breached, however, Bitcoin may get stuck in consolidation or could see further downside. Now, let’s dive into the technical indicators to uncover where Bitcoin is headed next and break down the key signals shaping Bitcoin’s next big move.

Price Analysis and BTC Price Prediction

The March 23 trading session began with Bitcoin trading in a tight range, showing little volatility as it climbed higher. Initially, key indicators MACD and RSI were not providing clear directional sentiment. However, around 10:30 UTC, there was a golden cross which signaled the start of an upward breakout, and the price quickly moved more than its previous range into a surge of buying pressure. The key resistance and support levels for Bitcoin are $84,635 and $86,500.As Bitcoin transitioned to a higher trading range with increasing bullish momentum, buyers set their sights on a new level of resistance. 

Chart 1, Analyzed by Alokravantmedia published on March 24, 2025.

Sellers, on the other hand, tried to take control at important intervals, such as 11:50 UTC and 17:25 UTC, when a death cross formed together with an RSI overbought signal. Even with the pullbacks, the bullish momentum was intact, and Bitcoin was in an uptrend channel. On the new trading day on March 24, the buying pressure continued to help launch another breakout, albeit with a price correction soon happening after the RSI showed overbought areas with another death cross occurring at 00:50 UTC. Later in the session, at 02:35 UTC, another wave of buying pressure surged when a golden cross formed with increasing bullish momentum and pushed Bitcoin above the $86,500 resistance level to develop a new support-resistance zone.

Final Thoughts: What’s Next for Bitcoin?

Bitcoin’s recent rise over $86,500 has rekindled enthusiasm among traders, but the market is still very volatile. The migration of a long-dormant Bitcoin whale has added uncertainty, and the market has raised questions about possible selling pressure. Meanwhile, Bitcoin’s technical indicators are indicating both bullish and bearish movement, with golden crosses triggering breakouts and death crosses leading to corrections. 

As BTC navigates through its new support and resistance levels, the next few trading sessions will be important in determining if it can uphold this upward movement or face another pullback. A breakout above the most awaited $88,000 could lead to a more significant rally, and a failure to hold these key levels could mean another consolidation or potentially downward move. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.