BTC price top warnings emerge as 10K BTC leaves wallet after 9 years
Coins which last moved in the "lawless era" are liquid again, and on-chain data shows such events mark macro BTC price tops.
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Coins which last moved in the "lawless era" are liquid again, and on-chain data shows such events mark macro BTC price tops.
Those betting on further downside begin to see setbacks as Bitcoin starts the Wall Street trading week with a spike higher.
A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support.
Traders are increasingly betting on a deeper dive to June's lows or even beyond, with $20,000 struggling to hold.
Serious cold feet over the outlook for monthly timeframes with September historically a "red" month.
Claims that 137,000 BTC are about to be offloaded on the open market are met with intense suspicion as BTC price volatility returns.
Bitcoin could well sink below the $20,000 mark again, traders warn, with price targets now as low as $16,000.
Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy.
A swift leg-up for BTC price action nonetheless fails to crack the week-long trading range so far.
Bitcoin has closed its previous five months of September in losses and could suffer similar pains if history repeats.