bullish

Cryptocurrency

Bitcoin

<ul> 
 <li>Bitcoin whales have shown significant movements in the past week.&nbsp;</li> 
 <li>The cryptocurrency recorded $28.74 million in 24 hour liquidations according to coinglass data.</li> 
</ul> 
Cryptocurrency has seen a spur in activity since the beginning of August. While the month mirrored July, with its significant price dip, it has persevered to reinstate a bullish market in the past few weeks. Subsequently, Bitcoin which shared most of the limelight, surpassed $59K catching market attention yet again.&nbsp; 
Amid other cryptocurrencies showing mixed signals, BTC sparked bullish candles in the last 24 hours. The cryptocurrency’s daily price chart shows Bitcoin trading at $59,467 in the beginning hours of August 13.&nbsp; 
As the day progressed, following a mild dip, the token surpassed $60,000 momentarily and hit an intra-day high of $61,356. At the time of writing, BTC was trading at $60,830 with a 2.59% daily surge as per CMC <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noreferrer noopener nofollow">data</a>.&nbsp; 
Notably, this price action has coincided with several whale movements in the past few days. According to market analyst “Ali Charts”’s recent X <a href="https://x.com/ali_charts/status/1823281011934822713" target="_blank" rel="noreferrer noopener nofollow">post</a>, in the past week, multiple Bitcoin whales have sold over 10K BTC tokens worth nearly $600 million. Additionally, WhaleAlert also reported several Bitcoin whale movements in the last few hours.&nbsp; 
<h3 class="wp-block-heading" id="h-is-bitcoin-attempting-a-bullish-takeover-nbsp">Is Bitcoin Attempting a Bullish Takeover?&nbsp;</h3> 
According to TradingView data, Bitcoin has shown a weekly performance of 8.49% increase. Moreover, the token’s 9-day SMA stands below the current price indicating the short-term bullish turn.&nbsp; 
<div class="wp-block-image"> 
 <figure class="aligncenter">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfT2wMtIJVS2bAeZaxRlYT58lGkqLTmjSL75mpZA_IKDodWq0gorUyO14QkxSAv4hF56oWVIYR1kFqpfTHVXPO4UQo9K9CneSclQ-O3e9gm3A8saZYRQvDX4btwcCG62_ZWGo3Kl7RulUfZcsadSVfgFpA?key=wdzg7ZDpoUeC6M-l6lc3hw" alt="">
 <figcaption class="wp-element-caption">
 BTC/USD Daily Price Chart (Source: <a href="https://in.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div> 
Furthermore, BTC’s RSI has climbed to 48.36 and is nearing a neutral market sentiment. However, the reading still indicates a sell zone amid the aforementioned whale movements. Relatedly, according to coinglass data Bitcoin recorded $28.74 million in 24-hour liquidations.&nbsp; 
Additionally, the token’s <a href="https://www.tradingview.com/x/nK79Wuvx/" target="_blank" rel="noreferrer noopener nofollow">bull power indicator</a> stands at 861.22 indicating the recent upward movements. Subsequently, if Bitcoin manages to break the $60K resistance and propel further it might succeed in its <a href="https://thenewscrypto.com/is-bitcoin-price-breakout-in-sight-as-it-returns-to-previous-cycles/" target="_blank" rel="noreferrer noopener">attempt</a> to stage a bullish comeback.&nbsp; 
Meanwhile, other tokens such as Ethereum and <a href="https://thenewscrypto.com/binance-bnb-price-hovers-around-540-exhibiting-weak-price-action/" target="_blank" rel="noreferrer noopener">BNB</a> haven’t shown significant movements in the past day.&nbsp; 
Highlighted Crypto News Today:&nbsp; 
<a href="https://thenewscrypto.com/grayscale-unveils-makerdao-trust-mkr-rises-7-following-launch/" target="_blank" rel="noreferrer noopener">Grayscale Unveils MakerDAO Trust, MKR Rises 7% Following Launch</a>

Will Bitcoin (BTC) Stage a Bullish Comeback Amid Whale Movements?

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