Bitcoin whale clusters show the $10,407 level has turned into a strong support area, raising the chance of a renewed bullish uptrend. Bitcoin (BTC) whale clusters indicate that the price could be in a short-term trend reversal after BTC’s recovery beyond $10,700. In the past two days, BTC price rose by nearly 6% from $10,135 to $10,755 across major exchanges.
Whale clusters form when large investors accumulate Bitcoin and do not spend or move their holdings for significant periods of time. This typically indicates that whales expect BTC price to increase in the near term.
Whalemap, an on-chain analysis firm that tracks whale activity, identified $10,407, $10,570, and $10,667 as whale clusters. In the short term, the three levels are likely to serve as potential support areas if BTC remains above $10,700.
According to the analysts at Whalemap, Bitcoin can remain in a bullish trend as long as it defends $10,407. The analysts emphasized that the trend suggests “bulls have won,” as the market sentiment improves from the recent upsurge. They explained:
“Feels like bulls have won. Many supports below at $10,407 and $10,570 and volume profile support at $10,500. Should not be going below $10,407 to stay bullish.”
An interesting irregularity in the recent Bitcoin rally is that it has decoupled from gold, as Cointelegraph reported. While gold dropped slightly by 0.32% in the last 24 hours, BTC rallied above $10,700.
Willy Woo, an on-chain analyst, said decoupling indicates that the momentum of Bitcoin is strengthening. He said:
“Bitcoin will decouple from traditional markets soon, but driven by its internal adoption s-curve (think startup style growth) rather than changes in perceptions as a hedging instrument by traditional investors.”
Atop the various technical factors buoying the uptrend of Bitcoin, the current fundamentals project a positive near-term outlook.
Earlier this week, data from Glassnode showed that the number of small Bitcoin addresses abruptly plunged in September. Despite this, the analysts at Glassnode noted that the data is not concerning and does not impact network fundamentals. They explained:
“The recent drop in #Bitcoin addresses holding ≥ 1 $BTC is of no concern and has no relevance regarding network fundamentals. This was merely an exchange doing inhouse cleaning, and merging a bulk of small UTXOs in separate addresses into a single one.”
Cryptocurrency trader Edward Morra believes that the market has to move above $10,830 to confirm a bullish continuation. If BTC rejects $10,830 and returns back below $10,500, the $9,800 to $10,830 range could cause BTC to stagnate over a prolonged period. Morra said:
“Below daily resistance, above daily support = Ranging market. Price currently at a bearish throwback at $10,830. If we move above, expect a re-test of daily resistance at $11,200. Not interested in trading chop range - Wait for expansion. Support = $9,800 - $10,100.”
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 57.6% | 84 | $29 815.26 | 1.01% | -0.39% | $567 877 135 044 | ||
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2 | ![]() |
Ethereum predictions | 56.8% | 88 | $2 000.88 | 1.06% | -2.66% | $241 865 980 181 | ||
3 | ![]() |
Tether predictions | 91.2% | 1 | $0.998909 | 0.01% | -0.01% | $73 195 168 297 | ||
4 | ![]() |
USD Coin predictions | 92.4% | 1 | $1.000209 | -0.03% | 0.01% | $53 074 379 147 | ||
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Binance Coin predictions | 59.6% | 88 | $316.28 | 1.60% | 6.46% | $51 641 959 049 | ||
6 | ![]() |
XRP predictions | 60.4% | 89 | $0.416706 | 0.37% | -1.83% | $20 144 872 785 | ||
7 | ![]() |
Binance USD predictions | 96% | 1 | $1.000981 | 0.08% | 0.01% | $18 535 892 542 | ||
8 | ![]() |
Cardano predictions | 59.2% | 91 | $0.534887 | -0.11% | -1.96% | $18 046 551 403 | ||
9 | ![]() |
Solana predictions | 58.8% | 88 | $51.78 | 2.12% | -1.78% | $17 567 814 140 | ||
10 | ![]() |
Dogecoin predictions | 56.8% | 92 | $0.085246 | 0.16% | -3.86% | $11 309 686 383 | ||
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Polkadot predictions | 56.4% | 87 | $10.07 | 1.95% | -6.03% | $9 947 461 943 | ||
12 | ![]() |
Avalanche predictions | 59.6% | 90 | $31.50 | 5.22% | -8.25% | $8 476 885 368 | ||
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Wrapped Bitcoin predictions | 57.6% | 84 | $29 803.20 | 1.19% | -0.35% | $8 243 652 197 | ||
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TRON predictions | 70.8% | 53 | $0.076135 | 1.95% | 11.63% | $7 366 247 062 | ||
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Dai predictions | 94% | 1 | $0.999947 | -0.11% | -0.03% | $6 528 397 233 |
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