Overview $BTC & #Bitcoin❗ Coins Today - 10/09/2024 | Price Action and Volume Analysis.
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1. 08/05/2024 - Abnormal bearish candle with amplitude of $9,300
- Price: BTC bottomed at $49K, closed at $54K.
- Volume: 162K BTC (super high).
- Strong recovery after the decline, showing the participation of big players and strong buying power, possibly "whales" are collecting goods at low prices.
2. 08/25/2024 - BTC peaked at $65K
- Price: Peaked at $65K, closed at $64,220.
- Rapid growth after the recovery from $49K to $65K, trading volume remains high, showing a fairly positive market sentiment. BTC is in a strong bull run.
3. September 6, 2024 - Test supply and make a higher low at $52,550
- Price: Make a higher low at $52,550, close at $53,900
- Trading volume: 54K BTC (lower than previous low).
- $BTC returned to test supply at $52K and trading volume gradually decreased. This is a sign of weak supply, the possibility of a further bounce is quite high
