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Bitcoin Price Prediction: BTC Bullish Signals Persist Despite Short-Term Volatility
['Alejandro Arrieche', 'Tue', 'August At Pm Gmt', 'Min Read']
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Bitcoin (BTC) keeps struggling to move above key resistances, and it is dropping for a second consecutive day today as headwinds abound.
The latest estimates point to a range between 1,400 and 1,700 BTC tokens drained, valued at more than $100 million.
In August alone, we reported that whale wallets have acquired approximately 30,000 BTC tokens, indicating ongoing accumulation as BTC continues to trade relatively range-bound between $60K and $66K.
Strategy Latest Bitcoin Transactions – Source: Strategy WebsiteHowever, not all whales are buying.
Weekly Buy Signal Still Intact Despite Bitcoin's Ongoing StrugglesHeading to the charts, we continue to track a weekly buy signal we shared months ago, which triggered once the Relative Strength Index (RSI) hit 30 in this higher time frame.