Bitcoin market dominance plumbs 4-year lows as BTC price ditches $20K
Support slips from BTC bulls' grasp as "Septembear" delivers the first signs of classic downside.
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Support slips from BTC bulls' grasp as "Septembear" delivers the first signs of classic downside.
BTC price action nears $20,500 as on-chain data convinces one popular analyst that current moves are a bear market bottom in the making.
A matter of a few hundred dollars could separate BTC price action from a "short squeeze," one trader believes.
There seems to be no stopping the greenback as risk assets, including Bitcoin, pay the price for renewed strength.
Bias is trending towards ever lower levels for Bitcoin after BTC price performance fails to preserve $20,000 at the August close.
Ether is forming classic bullish patterns against the greenback and its top crypto rival on shorter-timeframe charts.
The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance.
The selling pressure in the Bitcoin market is not as bad as it was during the Terra and Three Arrows Capital crises.
Bitcoin difficulty completes its largest single upward readjustment since January, with average hash rate eyeing new all-time highs of its own.
Bitcoin drops with U.S. stocks as the dollar finds momentum for an attack on earlier twenty-year highs.