The chart below shows that Bitcoin apparent demand was at similar levels on July 27, 2024, after which BTC price dropped a further 30% to $49,000 on Aug. 5, 2024. Bitcoin apparent demand.

The past few weeks have been highly volatile for bitcoin (BTC), with price action reflecting sharp swings. In the past two weeks bitcoin traded on an open-high, lower-close candlestick pattern ...

Some analysts believe Bitcoin price could be headed to a correction below $96,000, based on emerging technical chart patterns, especially as markets remain increasingly sensitive to tightening ...

However, when it eventually moves, it will move significantly – either up or down: The bitcoin chart is in an equilibrium and could breakout either way That may sound obvious, but for a trader ...

The chart divides time into prosperity, good times, and hard times, suggesting the current bull market aligns with a broader prosperity cycle. On top of this, regulatory clarity, Bitcoin ETFs ...

If past trends hold true, bitcoin's current range between $90,000 and $110,000 will likely resolve bullishly, paving the way for the next upward movement. BTC's weekly chart with the 200-week SMA.