Bitcoin Updated Charts and Price Action - What Happens Now?

Silver soars while Bitcoin snores . . . . . . . . . . . . . . Liquidity sliding away . . . . . . . . . . . . Global Bonds Dive, where is Bitcoin right now?

In partnership with

This Is Not Investment Advice

Bitcoin Grinds Away Inside Very Critical Zone . . . . . . . Just As Liquidity At The Margin Dries Up

Check the weekend post for a look at liquidity and the implications.

Let’s dive in to see what Bitcoin has or has not accomplished since it glided down right into our expected zone: $107Kish to $108.7Kish.

Swap, Bridge, and Track Tokens Across 14+ Chains

The Uniswap web app lets you seamlessly trade tokens across 14+ chains with transparent pricing.

Built on audited smart contracts and protected by real-time token warnings, Uniswap helps you avoid scams and stay in control of your assets.

Whether you're discovering new tokens, bridging between chains, or monitoring your portfolio, do it all in one place — fast, secure, and onchain.

Bitcoin Monthly

Bitcoin Weekly

Bitcoin Daily

Bitcoin 4HR

This shows the action over the weekend and since Bitcoin fully declined into that $107Kish to $108.7Kish zone:

Showing this chart yet again - might be useful to understand how this chart relates to liquidity and the dynamics of changing liquidity at the margin and Bitcoin . . . . . .

Here is the Supply Adjusted Coin Days Destroyed from BitcoinMagazinePro.com . . . . . . . . is that surge of selling now completed or more to come (inside Blue Circle)?

Bitcoin Addresses With More Than 0.1 BTC

Inside the Blue Oval - it’s clear as day this cohort (with an address holding about $10K or so or more) has flattened out since late 2023:

Everything Indicator

Red gave some very timely and accurate sell signals and Green was banging the table on when to buy. Now? According to the Everything Indicator we are closer to a bottom than top:

Fear and Greed Index

Here is where it stands now in terms of fear and greed:

Update:

  • It’s positive that Bitcoin did not plunge right through the $107Kish like a hot knife through butter . . . . . . . . enough time has elapsed such that it is clearly not the case . . . . . . it held in this crucial range for now

  • $109.5Kish and $111Kish already showing up as resistance

  • Though it didn’t crater and collapse, to this point the attempt at a rally has been tepid and weak, no real aggressive burst of volume, accumulation, or Money Flow to come in at this critical juncture and opportune spot for a trend reversal

  • Global Bonds are diving and Silver and Gold are moving, where is Bitcoin?

  • Tuesday pre-market after long weekend and summer doldrums of crucified VOL and slow activity indicates some weakness, if Risk On struggles not exactly helpful to Bitcoin’s attempts at a rally

  • How much is the liquidity drain impacting Bitcoin and Risk On/Off?

  • SBIT could come back into play sooner than anticipated

  • Need to see a strong thrust of Money Flow, yes it flipped Green in the Daily but the 4HR is already sliding

SLV Weekly

It’s not as if nothing is acting bullishly and therefore BTC is simply following the crowd. Gold, and Silver shown here, have been ramping along with various Industry Groups in America and Chinese equities . . . . . . so it is possible: