HomeUncategorizedTraders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears By Cointelegraph

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

September 6, 2022

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

(BTC) traded in an increasingly narrow range on Sept. 6 as bets piled in over an imminent breakout.

1-hour candle chart (Bitstamp). Source: TradingView

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.

Binance order book chart. Source: Material Indicators/ Twitter (NYSE:)
1-hour candle chart (Binance). Source: TradingView