Bitcoin: Calm Before the Storm or Just a Technical Rebound?

As the first full week of August begins, the market moves in unstable balance. On one side, a technical rebound momentarily soothes spirits after a drop below 112,000 dollars. On the other, nervousness remains palpable, fueled by creeping volatility and persistent macroeconomic uncertainty. Bitcoin, in particular, shows contradictory signs. Is it repeating its bullish cycle or slowly slipping towards a new deep correction? One thing is certain: the technical and fundamental signals around bitcoin leave no one indifferent.

The 116,500 $ threshold: tipping point or market illusion?

The 116,500 dollars level today stands as a real pivot for the BTC price. It is not just a round number, especially for miners who accumulated the equivalent of 1.66 billion dollars in bitcoin in July. Indeed, it is a strategic point where short sellers could be swept away by a wave of liquidations.

TheKingfisher, a well-known figure in technical analysis on X, describes it as a magnet. In other words, if the price crosses this barrier, the bullish movement could accelerate sharply.

However, not everyone shares this enthusiasm. Some analysts point out that current volatility is low, which could mean a false start. Bitcoin has only recorded a 3.6% movement recently, quite little for an asset used to roller coasters.

This calm could hide a trap or, on the contrary, precede a major shakeup, where several experts wonder about the possibility of a repeating bullish scenario.

What is certain is that this technical threshold crystallizes attention. If crossed with conviction, buyers could regain their appetite. But in case of rejection, a return to 110,000 dollars, or even less, is not to be excluded. For now, the market holds its breath.

Bitcoin: between massive sales and long-term investors’ appetite

On August 1st, more than 40,000 bitcoins were sold at a loss by short-term holders. And it’s not just small holders. Indeed, whales, these massive wallets influencing trends, have reduced their exposure, a sign of some discomfort regarding price developments.

But in the shadow of this massive sale, another movement emerges. The so-called accumulator wallets, those who buy and never sell, have increased their holdings by 50,000 BTC in one month.

On the OTC platforms side, often used by institutions, stocks are exploding and now exceed 500,000 bitcoins.

This double face of the market reflects the current complexity. On one hand, a segment of investors gives in to panic or adjusts positions. On the other, a solid base continues to strengthen for the long term. If bitcoin manages to stabilize its price in the coming days, this silent demand could become the fuel for a return to the highs. And why not reach 148,000 dollars.