Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears
Bitcoin, BTC price, News

Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears

Bitcoin (BTC) traded in an increasingly narrow range on Sept. 6 as bets piled in over an imminent breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance futures giant sucks in spent BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying under $20,000 for a fourth straight day with bulls failing to crack resistance. As many wondered when…

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BTC price sees new $20K showdown — 5 things to know in Bitcoin this week
Bitcoin, BTC price, dollar, DXY, News

BTC price sees new $20K showdown — 5 things to know in Bitcoin this week

Bitcoin (BTC) starts the second week of September still trying to cement $20,000 as support as bears clinch control. The largest cryptocurrency emerges from a sideways weekend with a weekly close almost exactly at the $20,000 mark — but that significant psychological level is already struggling. Expectations already favored further downside during this month — the so-called “Septembear” phenomenon which…

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