Bitcoin (BTC) Recently Faces Significant Volatility Triggered by Several Macro Factor

Over the past week, BTC is down by 8% and hit its recent low at $76k and rebounded strongly from this crucial support level.

Bitcoin (BTC) has been encountering significant volatility, largely driven by several macro factors that pushed BTC to decline.

Throughout the past week, BTC experienced a 8% decline, finally hit its recent low at $76k and rebounded crucially from this support level.

Now, the market is showing signs of recovery, with Bitcoin gradually shifting from a bearish to a bullish trend.

Over the last 24 hours, BTC is slightly up by 1% and slowly recovering from recent market volatility.

Currently, BTC is trading at $83,607 and aiming to surpass its resistance. Despite the stability and positive price action, its trading volume is decreasing.

However, BTC looks identical to Gold here. The shakeout is finished and BTC recovering from recent market volatility. Now time for a massive pump, BTC is on the verge of breakout and positioning itself for next leg up.

Bitcoin Eyes Surge Towards ATH

Crypto analyst JAVON MARKS noted a key bullish pattern forming on Bitcoin’s chart, suggesting that BTC is primed for a return to all-time highs. According to the analyst, the strength behind Bitcoin remains firm, despite recent pullbacks, and the ongoing recovery could pave the way for a major rally.

“Strength remains in crypto as Bitcoin tries to breakout of the 0.382 fib level. We’ve seen a 36% recovery from the recent lows.”

With BTC already showing a 36% recovery, history suggests that the continuation of this trend could be substantial.

As BTC hovers near resistance, analyst are watching closely, anticipating a potential surge that could redefine the market’s trajectory. With momentum building and key levels holding firm, Bitcoin appears primed for another leg up.