Bitcoin Surges 26% Weekly, Analyst Suggests a Rebound from the Bottom

2026/08/24 09:12 (Updated 2026/08/24 14:02)

CoinPost

Written by Enzo

Bitcoin Surges 26% Weekly, Analyst Suggests a Rebound from the Bottom

Analyst Points Out Sharp Weekly Increase

Bitcoin (BTC) has climbed from around $60,000 to the high $70,000s over the past week, marking a 26.81% increase, explained analyst Ali Charts on his X (formerly Twitter) account on the 22nd. He points out that this movement resembles the rebound patterns observed at the end of the last two bear markets.

According to him, such sharp rises often start with a short squeeze, where forced liquidation of short positions drives up prices...

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Iolite Vol.21

September 2026 issueReleased on 2026/07/30

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Iolite Vol.21

September 2026 issueReleased on 2026/07/30