Bitcoin Hits Bottom Despite 'Amazing' BTC Price Action - Analyst
Bitcoin should offer nothing but the "classic weekend cut", signs of change on BTC price charts keep coming.
![Bitcoin Hits Bottom Despite](https: // images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDgvMThhNTg3YjQtOTU3Ny00ZDgzLWI1YmQtZTU1MjlhZGE3MDhhLmpwZw==.jpg)
Bitcoin (BTC) further reduced volatility through August 12, as BTC's "amazing" price action remained in place.
![](https://s3.cointelegraph.com/uploads/2023-08/ad44ec1f-3f3a-408a-ab8b-7d30e294641c.png)
Data from Cointelegraph Markets Pro and TradingView tracked a flat Bitcoin trading environment at the start of the weekend.
After posting only muted reactions to printouts of US macro data for the week, BTC/USD remained firm near $29,500 – a key battleground between bulls and bears. p>
“Expecting another classic weekend chop around the CME closing price,” popular trader Daan Crypto Trades wrote in part of his latest analysis, referring to the markets closing price. CME Bitcoin futures at $29,465.
![](https://s3.cointelegraph.com/uploads/2023-08/eec3a64f-6468-4832-9319-e64ea09fdd6b.png)
The lack of movement throughout the week surprised long-time market participants, including Michaël van de Poppe, founder and CEO of the company trading Eight.
“Extremely amazing P...
![Bitcoin Hits Bottom Despite 'Amazing' BTC Price Action - Analyst](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-08/18a587b4-9577-4d83-b5bd-e5529ada708a.jpg?#)
Bitcoin should offer nothing but the "classic weekend cut", signs of change on BTC price charts keep coming.
![Bitcoin Hits Bottom Despite](https: // images.cointelegraph.com/images/1434_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDgvMThhNTg3YjQtOTU3Ny00ZDgzLWI1YmQtZTU1MjlhZGE3MDhhLmpwZw==.jpg)
Bitcoin (BTC) further reduced volatility through August 12, as BTC's "amazing" price action remained in place.
![](https://s3.cointelegraph.com/uploads/2023-08/ad44ec1f-3f3a-408a-ab8b-7d30e294641c.png)
Data from Cointelegraph Markets Pro and TradingView tracked a flat Bitcoin trading environment at the start of the weekend.
After posting only muted reactions to printouts of US macro data for the week, BTC/USD remained firm near $29,500 – a key battleground between bulls and bears. p>
“Expecting another classic weekend chop around the CME closing price,” popular trader Daan Crypto Trades wrote in part of his latest analysis, referring to the markets closing price. CME Bitcoin futures at $29,465.
![](https://s3.cointelegraph.com/uploads/2023-08/eec3a64f-6468-4832-9319-e64ea09fdd6b.png)
The lack of movement throughout the week surprised long-time market participants, including Michaël van de Poppe, founder and CEO of the company trading Eight.
“Extremely amazing P...
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