Crypto analyst and trader Ali Martinez has identified a buy signal on the 12-hour Bitcoin chart, but also noted a bearish reversal DOJI candle forming. Martinez believes that Bitcoin must avoid closing below $29,800 to validate the bullish signal and potentially rise to $30,600 or $31,300.
Meanwhile, a whale that previously caused a 4.2% drop in Bitcoin's price in January has transferred 4,451 BTC, worth $133.7 million, to Binance exchange. The same whale acquired 25,160 BTC between October and December 2022, and currently holds 15,603 BTC worth almost $470 million.
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