Bitcoin (BTC) Price Action Remains Puzzling, but a Familiar Pattern Suggests a Parabolic Move Is Coming

Bitcoin price action remains puzzling at the moment. The market demand shows no sign of growth, while retail investors sell their assets and ETF withdrawals worry investors.

Key Highlights:

* Bitcoin price action remains puzzling at the moment. Market demand shows no sign of growth, according to CryptoQuant CEO Ki Young Ju, who also refuses to confirm a bear market trend.

* However, apparent demand has seen both intense buying and selling patterns throughout the previous year.

* Moreover, the data shows that Bitcoin price increases corresponded with positive demand spikes (green marks) yet major price corrections happened during negative demand dips (red marks).

* Historial market data indicates that demand usually slows down before starting a new uptrend phase.

* Present market trends suggest a stabilization following its drop to the $76k level on Monday.

* Market participation remains active based on the current trading volume of $27.19 billion.

* Bitcoin price has decreased by 2.33% throughout the previous week.

* The token maintains a current price of $84,235.25, which has increased by 1.10% throughout the past day.

* Bitcoin is currently trading at $84,235.25, signaling a 1.10% increase in price over the past day.

* The token's market cap has reached $1.67 trillion.

Bitcoin demand seen slowing as major investors continue buying activity

CryptoQuant CEO Ki Young Ju has stated that there are no signs of change in demand for Bitcoin, but he refuses to confirm a bear market trend just yet.

Apparent demand has seen both intense buying and selling patterns throughout the previous year.

CryptoQuant data shows that Bitcoin price increases corresponded with positive demand spikes (green marks) yet major price corrections happened during negative demand dips (red marks). Historial market data indicates that demand usually slows down before starting a new uptrend phase.

suggest that a stabilization is in progress following its drop to the $76k level on Monday. Market participation remains active based on the current trading volume of $27.19 billion.

Bitcoin price has decreased by 2.33% throughout the previous week. The token maintains a current price of $84,235.25, which has increased by 1.10% throughout the past day while holding a market cap of $1.67 trillion.

However, Bitcoin ETF saw a total of 1,818 BTC ($153.11M) withdrawal on March 14, according to Lookonchain. Among them, Fidelity contributed to 939 BTC ($79.05M) BTC withdrawal from BTC ETFs. At first glance, it indicates weakening demand yet institutions and governments continue their buying activities while small investors conduct selling transactions.

Bitcoin retail investors sell as crypto analysts observe a familiar price pattern

Retail investor group that holds less than one Bitcoin has started to decrease their Bitcoin ownership. According to CryptoRank and CryptoQuant data, retail investors sold 7,000 BTC which repeats the market behavior from late 2020.

Small investors abandoned BTC during that time but Bitcoin later reached $60,000 within months. This dynamic is crucial. The market tends to experience a supply squeeze when institutional investors start buying as retail investors sell their assets. Price tends to rise quickly when there is less BTC available for purchase. The same strategic market pattern occurred before Bitcoin reached its past record highs.

Recently, Michael Saylor, a long-time Bitcoin advocate, remarked, “The fact that you can buy Bitcoin for $80,000 right now is a joke. It’s at a 99% discount.” According to him, Bitcoin’s value remains extremely low because of its future adoption potential.

suggest that a stabilization is in progress following its drop to the $76k level on Monday. Market participation remains active based on the current trading volume of $27.19 billion.

Bitcoin price has decreased by 2.33% throughout the previous week. The token maintains a current price of $84,235.25, which has increased by 1.10% throughout the past day while holding a market cap of $1.67 trillion.