Bitcoin price drops below $29k, showing signs of recovery above $30k with whale and shark stablecoin accumulation.
Seasonal pattern weakens Bitcoin in August and September, causing a market lull.
Despite briefly reclaiming highs, Bitcoin falls 1.8% to $28,878 on Tuesday.
Popular trader suggests Bitcoin is in the accumulation phase before a potential bull run.
On-chain analytics reveal a significant accumulation of stablecoins, hinting at a major Bitcoin breakout.
MACD indicator's sell signal implies a bearish influence on Bitcoin's short-term direction.
Bitcoin price may react and close above $29k, with bulls aiming for $29,500.
Investors are advised to brace for frequent dips to $28k support until Bitcoin sustains an uptrend above $30k; further decline to $25k is possible.