Data: The Number of Bitcoin Whales Has Never Been Higher

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Bitcoin has been seeing some strong price action throughout the past few days Bulls have been in firm control, with bears struggling to gain any ground as they fail to spark any meaningful selloffs This price action has allowed BTC to form a market structure that is arguably the strongest seen since before the late-2017 decline This strength is likely to continue growing as BTC shows signs of breaking above its key near-term resistance level A break above $13,200 coupled with a flip of this level into support could propel it up towards $14,000 This comes as the number of large Bitcoin holders grows at a rapid pace Bitcoin is stronger than it has been in years, with bulls currently moving to shatter the resistance that sits at $13,200 as they try to sustain its recent momentum. This current strength comes close on the heels of a bullish weekly close…

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