Bitcoin (BTC) has seen a more than 7% increase in the past week, maintaining its position above $100,000 and showing signs of ongoing bullish momentum. Despite this positive trend, recent activities of large holders, known as whales, present a more cautious outlook due to a slight rise in their numbers and mixed signals observed over the last month.

While indicators such as the Ichimoku Cloud and EMA continue to provide some support, they also indicate a market lacking strong conviction. The focus is now on key resistance and support levels, with BTC's next move crucial in determining whether it will reach new highs or risk dropping below the six-figure mark.

The number of Bitcoin whales, wallets holding between 1,000 and 10,000 BTC, has slightly increased to 2,012 compared to 2,009 on May 9. Although this rise is minimal, it is closely monitored by experts and investors as whale transactions can significantly impact market direction. The recent fluctuation in whale activity reveals uncertainty amongst major players, with alternating patterns of accumulation and distribution in response to market dynamics and volatile price movements.

Bitcoin's Ichimoku Cloud chart shows a relatively neutral-to-bullish setup, indicating short-term support while hinting at a positive trend ahead. Despite the current bullish sentiment, the sideways movement and narrowing gap between certain indicators suggest indecision in the market.

BTC's price has remained above $100,000 for the past six days, with the EMA lines reinforcing an uptrend. Breaking through immediate resistance levels could lead to further upward movement towards historic highs. However, failing to maintain this momentum may result in a pullback towards key support levels and potential deeper corrections.