Whales Keep Buying as Analyst Predicts Bitcoin Rally Toward $160,000
Bitcoin’s recent price activity might just be the calm before another storm, according to a popular crypto market commentator.
The host of the InvestAnswers YouTube channel, known for macro-driven analysis, believes BTC could be gearing up for another major rally, even as short-term volatility leaves some investors uncertain.
One of the central ideas behind the forecast is the global M2 money supply—essentially the total cash and near-cash circulating in the world economy. The analyst points out that Bitcoin’s price has tracked this indicator remarkably closely.
If the trend continues, he argues, it’s reasonable to expect BTC to climb toward $120,000, or potentially even reach $160,000 in the coming months. However, he cautions that the move may not materialize until around June or July.
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In addition to macro data, wallet activity is playing a key role in the bullish thesis. The analyst notes that Bitcoin whales—wallets holding over 10,000 BTC—have been steadily increasing their holdings.
But more interestingly, addresses with 100 to 1,000 BTC are showing the most aggressive accumulation, now surpassing all other groups in terms of total holdings. Smaller holders, on the other hand, seem to be exiting the market, which could hint at redistribution from retail to larger players.
Another key tool in the analyst’s arsenal is the “Top and Bottom Indicator” (TABI), which blends multiple on-chain and market metrics to assess where Bitcoin stands in its cycle. Right now, the signal suggests BTC is in the middle phase of its bull run—not overheated, but starting to warm up again. He explains that the market isn’t in a euphoric zone yet, and there’s still significant room for growth before a major top is in sight.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
