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 → |
-
The current state of Bitcoin price action suggests a period of potential volatility, echoing trends observed in August 2023, according to recent analyses.
-
Market participants are witnessing an unusual level of rangebound trading, leading to speculation about an impending price movement that could mirror last year’s bullish surge.
-
As highlighted by CryptoQuant’s analyst Percival, the Choppiness Index readings signal a crucial moment for Bitcoin, indicating a potential breakout or breakdown in the near future.
Bitcoin may be set for a significant price movement akin to August 2023 as current analytics suggest extreme volatility ahead, focusing on key price levels.
Bitcoin’s Current Trading Range and Volatility Concerns
The cryptocurrency market is currently experiencing a lack of decisive *trend* in Bitcoin’s price action. This stagnation, **characterized by low trading volumes**, raises expectations for a shakeout, reflecting conditions similar to those during August 2023.
Percival notes that the *Choppiness Index*, which currently reflects extreme levels (62 and 72 on daily and weekly charts), is an indicator that Bitcoin must transition out of its current range. “Our Choppiness Index shows it urgently needs to enter a trend,” he stated, pointing to a brief drop followed by a potential resurgence, as seen in previous patterns.
Historical Patterns Indicating Future Movements
Diving deeper, the recent evaluations reveal a 90-day range wherein Bitcoin has fluctuated around **16%**, highlighting the market’s need for a more defined direction. Percival’s outlook draws parallels to past events where similar market conditions preceded significant price movements.
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 → |
“Evidence of this pressure suggests that just as in previous cycles, we may soon see a significant liquidity grab,” Percival added, emphasizing on the importance of the low volatility phase prior to upward surges. This gives traders an insight into potential strategies for positioning during the upcoming market shift.
Forecasting Bitcoin’s Short-Term Price Targets
As analysts consider *potential price floors*, Percival points to the short-term holder (STH) cost basis set at **$92,000** as a critical threshold. This figure reflects the average cost basis for active market participants, serving as a crucial support level for potential price corrections.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
If the market were to retest this support without significant bullish action, deteriorating momentum could lead to an adjustment to the **200-day exponential moving average (EMA)**, which sits attractively at **$85,000** based on current data.
“In a scenario of false moves before the anticipated bull run, we can expect notable volatility,” Percival cautioned, identifying that many breakout traders currently positioned within this zone may see their positions tested in the face of market dynamics.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
Analyzing Market Metrics and Sentiment
Further insights reveal the *Spent Output Profit Ratio (SOPR)* for short-term holders has experienced mildly negative values reminiscent of August 2023. This metric measures the profit or loss ratio of unspent transaction outputs, indicating that many recent transactions may still be languishing in unprofitable territory.
As market dynamics continue to unfold, monitoring these metrics will be essential for investors and traders looking to capitalize on Bitcoin’s price movements, aiding in better-informed decisions going forward.
Conclusion
In summary, Bitcoin’s market behavior suggests an **upcoming volatility phase**, reminiscent of past cycles. Analysts remain attentive to key price levels of **$85,000** and **$92,000**, critical for gauging support and potential upward movements. Historical patterns and current metrics further substantiate the portrayal of an impending significant shift within the market, offering traders unique opportunities while emphasizing the need for caution amidst the volatility.
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 → |