This bitcoin market analysis looks at three overarching questions: 1. Why did we dip (again)? 2. Is there still demand? 3. Is there still room for growth? Before we dive into those questions, let's first have a look at the price chart (figure 1). Bitcoin started the month strong, rallying to a new all-time high at ~$69,000 but then dropped to ~$47,000 (-27.56%), where it found a lot of confluence for support (e.g., a key Fibonacci level, a large volume in the UTXO realized price distribution and large whale inflows). {chart} Upon writing my monthly market analyses, I noticed a trend: I am writing about a price dip ... (full story)