Bitcoin Price Holds Steady at $83,300 Amid Whale Activity

Bitcoin is currently priced at approximately $83,300, experiencing a 2.7% decrease over the past 24 hours amidst notable whale activity and institutional buying.

Whales have sold over 29,000 BTC (valued at $2.4 billion) since April 9 to secure profits following a 7.5% weekly price increase.
Securities filing: Semler Scientific has filed with the US SEC for $500 million in securities to enhance finances, including purchasing more Bitcoin.
Semler plans to take a loan from Coinbase using its 3,192 BTC (valued at about $267 million) as collateral to fund a $29.75 million settlement with the DOJ.
Michael Saylor's Strategy acquired an additional $285 million in Bitcoin, reporting $6 billion earnings from Bitcoin holdings in Q1 2025.

Bitcoin Price Outlook

The Bollinger Bands indicate rising volatility; a close above $87,100 could signal bullish momentum.
A fall below $77,900 may lead to price declines.
The RSI is above 49, showing market indecision; movement beyond 55 could suggest upward trends.
The MACD shows mild bullish signs but indicates potential loss of momentum.
Current Bitcoin trading volume has dropped by 9% to $26.8 billion.
Resistance levels are significant between $87,000 and $88,000; over $600 million in short positions could be liquidated if Bitcoin reaches $86,900.
Investor Evan Luthra noted decreasing Bitcoin supply on exchanges, predicting a potential breakout.