Bitcoin OBV Nears 1.8M Resistance as Volumes Rise, Analysts Monitor Whale Move and Momentum

Bitcoin OBV is testing resistance near 1.8M, signaling renewed accumulation as On Balance Volume rises since August 2024; a clear breakout above 1.8M would confirm momentum, while rejection could trigger a retracement to 1.68M–1.64M. OBV near 1.8M resistance after steady accumulation since Aug 2024 Analyst Ted Pillows flags short-term rejection risk; sustained OBV strength favors bulls A dormant 100 BTC whale move coincided with rising volumes, underscoring increasing market activity Bitcoin OBV testing 1.8M resistance with rising volume momentum; monitor breakout vs rejection for trade signals — read our analysis and actionable takeaways. Bitcoin’s OBV nears 1.8M resistance as trading volumes rise, with analysts monitoring whale activity and market momentum.

Bitcoin’s OBV trend has climbed steadily since August 2024, now testing resistance near the 1.8M ￰0￱ Ted Pillows says a rejection soon could favor bears, but sustained strength may confirm further accumulation. A dormant whale moved 100 BTC worth $12.5M after 12 years, coinciding with growing trading volume and market ￰1￱ OBV momentum is strengthening, with On Balance Volume (OBV) showing a notable rise in cumulative buying ￰2￱ indicator stands around 1.77 million, reflecting persistent accumulation since August ￰3￱ rising OBV pattern aligns with recent price action: Bitcoin reached a high of $126,000 before moderating to $124,000. Analyst Ted Pillows notes a near 10% advance since the ￰4￱ shutdown, highlighting continued demand amid macro ￰5￱ is Bitcoin OBV and why does it matter?

Bitcoin OBV (On Balance Volume) is a cumulative volume indicator that tracks buying versus selling pressure to infer accumulation or distribution. A break above the 1.8M resistance would signal renewed momentum, while a rejection could indicate short-term distribution and a pullback toward 1.68M–1.64M. How does OBV signal accumulation versus distribution? OBV rises when closing prices are higher and falls on lower closes, so persistent upward movement shows consistent net ￰6￱ August 2024, OBV has formed ascending support, with buyers stepping in each time the line was tested—evidence of continued accumulation rather than fleeting ￰7￱ close is OBV to decisive resistance?

Currently, OBV is testing resistance between 1.77M and 1.80M, a zone where prior rallies paused. A clean weekly close above 1.8M would likely attract additional inflows and validate sustained buying pressure.) after 12 ￰8￱ wallet originally received 691 BTC at roughly $132 — an early-era holding now worth tens of ￰9￱ transfers like this often affect liquidity and trader attention, especially when OBV signals ￰10￱ Asked Questions How should traders interpret an OBV breakout? An OBV breakout above 1.8M confirms increased buying pressure and likely continuation of the recent bullish trend; traders can use the breakout as a momentum confirmation with stop levels below the ascending ￰11￱ the whale move a sell signal?

Not ￰12￱ transfers can represent consolidation, reallocation, or on-chain activity unrelated to immediate ￰13￱ context matters: simultaneous volume spikes and OBV rejection are stronger sell signals than an isolated ￰14￱ Takeaways OBV near resistance : Bitcoin’s OBV is testing 1.77M–1.80M, a junction for potential momentum ￰15￱ watch : Ted Pillows highlights short-term rejection risk; sustained OBV strength would favor ￰16￱ activity : A 100 BTC dormant wallet movement adds liquidity considerations amid rising trading ￰17￱ Bitcoin’s OBV and rising volume momentum point to ongoing accumulation, but the 1.8M zone is ￰18￱ OBV behavior over the next sessions: a breakout supports further upside, while rejection suggests short-term ￰19￱ will continue to track OBV, whale flows, and exchange volumes to guide readers. , "description": "Bitcoin OBV testing resistance near 1.8M; breakout would confirm momentum while rejection may lead to a ￰20￱ by COINOTAG."