Bitcoin Chart

Today is Tuesday, August 23rd, 2022. Bitcoin’s current price is $21,433. After bouncing down to about $20,800 the market is trying to hold within the sideways trend we have been seeing over the past couple of weeks. After checking out the order books from multiple exchanges/ markets relative buying pressure and overall volume have dropped significantly this month compared to June and July. Bitcoin companies were some of the biggest sellers of the asset to help balance their books and pay off financial debt and employees etc. In the next couple of weeks testing back down in the 20k - 17k range is a big possibility with mostly limit orders set in that range. It seems to a big level of accumulation within this area.