Bitcoin Price Prediction for August 24: Bullish Gains Amidst Volatility Concerns

The cryptocurrency market witnessed a mixed bag of performance yesterday as major coins experienced varying levels of gains, according to CoinStats. Bitcoin’s price saw an increase of 0.17% over the past 24 hours. Notably, it is currently trading around $114,590 per coin on the hourly chart. The daily volatility has been largely subsided following the passing of most of the ATR (Average True Range), making a significant price movement unlikely by tomorrow. However, the longer term outlook remains bearish with several indicators suggesting a potential sell-off in the coming days.