BTC Volume Hits New High on 4H as Price Holds $104K Level

• Bitcoin trading volume surged to the highest since May 21 as price tested the $104K support zone.
• The 4H chart displays a bullish harami at a local low suggesting a fresh upside opportunity soon.
• Multiple past volume spikes also appeared at similar dips which later led to sharp price recoveries.
  

A chart shared by Cheds Trading on June 18, 2025, reveals a bullish harami pattern forming on the BTC/USD 4H timeframe. The notable signal comes with the largest trading volume since May 21, appearing exactly at a recent local trough. Volume clusters at such lows often suggest a shift in market momentum or the start of price recovery.

High Volume Spikes at Lows Suggest Price Pivot

The analysis points to four major local troughs on the 4-hour chart, each marked by red arrows. All four coincide with visible volume surges, suggesting a repeated pattern of buyer activity accumulating at support zones. The most recent spike stands out as the largest, potentially marking a new phase in short-term market structure.

The bullish harami, known in candlestick analysis as a potential reversal formation, appeared in the latest candle set. This pattern occurs when a small green candle forms within the body of a prior red candle, signaling hesitation by sellers and possible buyer strength. Cheds noted this formation is occurring with significant volume, which adds weight to its relevance.

Volume size in this case surpasses all activity since late May. Traders often look for clustering volume after price consolidation to determine pivot zones. Whether red or green, such bars typically act as signals of accumulation or shakeout phases, as noted in the response from Cheds to a follower’s observation.

Chart Structure Shows Repeated Recovery From Drops

The chart also reveals a structure of sharp price drops followed by rapid recoveries. These recoveries tend to coincide with heavy volume zones. This repeated structure strengthens the case for market participants responding positively to perceived oversold conditions.

Each dip shown on the chart corresponds to a volume increase. These surges are visual confirmations of trader reactions to support levels. While no guarantees exist in technical patterns, recurring behavior over several periods offers insight into market sentiment.

The question mark on the far-right segment of the chart indicates an area of potential development. If the volume-driven bounce holds, a similar pattern of rebound may follow. This scenario would align with previous instances on June 5, 12, and 16, when price climbed after volume increased near troughs.

Moving averages on the chart remain mixed. Short-term EMAs have converged, and price is near the lower Bollinger Band. Such positions generally attract short-term buyers who trade volatility bands, especially in high-volume zones like the current one.

Could This Be Bitcoin’s Next Short-Term Reversal?

As volume increases with each sell-off, traders are asking: could Bitcoin be forming another short-term bottom?

According to Cheds, volume spikes—regardless of candle color—often suggest key moments of change in direction. Traders use these as signals to prepare for possible momentum shifts. In this case, the green bar that follows the red decline is gaining attention as a possible turning point.

The BTC price stands near $104,626 on the 4H chart, while buy-side pressure increases around the $104,000 level. The last spike of this magnitude resulted in a rapid $3,000 gain over three sessions. If similar behavior repeats, Bitcoin could soon revisit resistance near $107,000 before facing major decisions.