Bitcoin Price Rises to $9,155 as Whales Increase Their Holdings

• Bitcoin Price Hits $9,155 as Whales Reportedly Jump on the Digital Coin

Bitcoin price rose from $8,730 it traded on Monday to $9,155 on Wednesday after some Whales reportedly increased their holdings of the dominant cryptocurrency.

A respected Twitter account, @santimentfeed, had tweeted that some Bitcoin wallets holding at least 100 or more Bitcoins have added a combined 12,000 BTC to their holding, an estimated $108,000,000 (at $9,000 per coin).

Bitcoin price had risen to $9,791 on May 08 before Bitcoin Halving of May 12.

However, it fails to break the $10,000 resistance level anticipated by traders globally. The digital currency plunged to $8,730 on Monday and hovered around that support levels until certain whales were reported to have acquired 12,000 BTC despite the uncertainties surrounding the cryptocurrency market.

The price of Bitcoin surged immediately the report became public. This was after Goldman Sachs discredited Bitcoin in a recent report published on Wednesday,

The globally respected investment bank said “We do not recommend Bitcoin on a strategic or tactical basis for clients’ investment portfolios even though its volatility might lend itself to momentum oriented traders.”