| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Recent trends in traditional markets, from the U.S. to Japan, have significantly impacted the cryptocurrency market.
- On Friday morning in Asia, Bitcoin made a recovery from $62,500, signifying a cautious turnaround.
- Despite this recovery, Bitcoin remains under pressure, unable to decisively move above its 50-day moving average, a critical support level for investors.
Bitcoin struggles to maintain recovery amidst global market volatility and geopolitical tensions.
Bitcoin Recovers from a Dip, Yet Remains Under Market Pressure
Bitcoin experienced a notable recovery on Friday morning in Asia, climbing back from $62,500. This rebound came after a series of general asset sell-offs precipitated by geopolitical tensions in the Middle East. Despite this recovery, Bitcoin is still trading just below $64,000, near its 50-day moving average.
Geopolitical Tensions and Market Dynamics Affecting Bitcoin
The recent sell-off wave, driven by geopolitical issues, has created a turbulent environment for Bitcoin. Alex Kuptsikevich, a senior market analyst at FxPro, highlighted in an email to CoinDesk that failing to secure the 50-day moving average could push Bitcoin’s price down to $50,000. The dynamic levels of $63,000 and $61,000, corresponding with the 50 and 200-day moving averages, are crucial for Bitcoin’s short-term price action.
Historical Performance of Bitcoin in August: A Mixed Bag
August has been historically volatile for Bitcoin, with the month closing on a decline eight times out of the last thirteen years. On average, Bitcoin has seen a 15.4% decrease during this month, although it occasionally experiences spurts of growth averaging 26%. This historical context sets a rather cautious outlook for Bitcoin investors navigating through August.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Conclusion
In summary, Bitcoin’s recent price movements highlight the cryptocurrency’s vulnerability to broader market trends and geopolitical tensions. The inability to firmly surpass the 50-day moving average indicates a fragile recovery. Investors should closely monitor these technical levels and historical performance patterns to gauge Bitcoin’s future trajectory.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
