Coinbry

  • Market Cap: $2,686,783,430,809.46
  • 24h Vol: $132,333,065,319.18
  • BTC Dominance: 50.79%
BTC Sellers Eye $27.5K as Bitcoin Price Achieves Best September Since 2016

BTC Sellers Eye $27.5K as Bitcoin Price Achieves Best September Since 2016

Bitcoin’s performance in September has been surprisingly solid, with a nearly 4% increase month-to-date, making it the most successful September since 2016. However, the cryptocurrency is still down over 11% in the third quarter. Traders and analysts are closely watching the monthly candle close, as it could potentially impact the market in October, November, and December. The impending United States government shutdown could also suppress BTC price action unless a solution is found. There are warnings of potential bearish technicals and the possibility of killer whales manipulating the market around candle closes. The BTC/USD order book on Binance shows bid liquidity around $26,800 and sellers waiting at $27,500. Volatility is expected to be lower until later on Sunday. Overall, readers are advised to conduct their own research and make informed decisions when it comes to investments and trading.

– Bitcoin’s September performance has been surprisingly solid, with a nearly 4% increase month-to-date.

– However, BTC is still down over 11% in the third quarter.

– Traders and analysts are closely watching the monthly candle close for potential market impact in the coming months.

– The impending US government shutdown could suppress BTC price action.

– Bearish technicals and potential manipulation by killer whales are concerns.

– The BTC/USD order book on Binance shows bid liquidity at $26,800 and sellers waiting at $27,500.

– Volatility is expected to be lower until later on Sunday.

– Readers should conduct their own research and make informed decisions when it comes to investments and trading.

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