Bitcoin price steadies near ¥10 million in Japan

On August 3, Bitcoin (BTC) traded around ¥10 million in the Japanese market, ending the day with a modest 0.02% decline. The price briefly fell to the ¥9.7 million range before recovering, keeping the daily close near the ¥10 million level.

Technical analysis showed mixed signals: the 14‑day EMA (¥10.26 million) and the 53‑day EMA (¥10.45 million) were both below the price, indicating a weak short‑term trend, while the Ichimoku cloud’s leading span 1 stayed above span 2, suggesting bullish pressure. Volatility was low, with the ADX under 20, and oscillators such as the CCI were in oversold territory, hinting that short‑term selling may have paused.