Bitcoin Price Rebounds 6% After 32.43% Volume Drop

Bitcoin’s price has shown remarkable resilience in its bull market, with only two major corrections exceeding 30% since 2022. These corrections occurred in August 2024 and April 2025, each followed by rapid price recoveries, confirming the continuation of the upward trend. Outside these events, Bitcoin’s price fluctuations remained within the typical 10-20% correction range, serving as standard market adjustments without disrupting the overall bullish momentum.

Currently, Bitcoin is consolidating in the $100,000 to $106,000 range, showing a calm market phase supported by a weekly simple moving average (SMA) drawdown near -7%, and a current drawdown of approximately -4.7%. These levels point to a minor correction relative to previous steep drops. Historical data from the ongoing bull market cycle shows a consistent sequence: deep drawdown phases followed by accumulation periods and subsequent upward impulses. The decreasing amplitude of price pullbacks signals increasing market stability.

Bitcoin’s market capitalization has risen to $2.12 trillion, indicating overall growth in valuation. However, the 24-hour trading volume has dropped by 32.43 percent to 45.55 billion, suggesting lower liquidity or trading despite the good price rise. The volume to market cap is 2.14%, which indicates how engaged the market is in terms of total valuation.

Bitcoin’s price action has shown a clear intent to move higher, with resistance levels just below $110,000. The cryptocurrency has climbed above its ascending trend line, indicating that the market remains bullish despite minor setbacks. This upward momentum is supported by the current price stabilization around $103,408.1, which demonstrates strong market resistance and a growing share of investor confidence.

Analysts have noted that Bitcoin is currently consolidating at the $106,000 mark, showing resilience amid short-term volatility. This consolidation phase is crucial as it allows the market to digest recent gains and prepare for further upward movement. The bullish leaning among leveraged traders further highlights the growing expectations that Bitcoin could recover once broader market sentiment improves.

The recent rally in the cryptocurrency market, driven by positive headlines and a ceasefire in geopolitical tensions, has seen Bitcoin bust back above $106,000. This sharp recovery from a dip below $100,000 just a day earlier underscores the market's ability to quickly rebound from short-term setbacks. The overall sentiment remains bullish, with investors expecting further gains as the market continues to consolidate and strengthen.