HomeUncategorizedSeptember ‘crash’ to $22K? — 5 things to know in Bitcoin this week By Cointelegraph

September ‘crash’ to $22K? — 5 things to know in Bitcoin this week By Cointelegraph

August 29, 2023

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© Reuters.

(BTC) starts a new week struggling with $26,000 as August becomes its worst month of 2023.

BTC price strength remains dubious after a snap crash 10 days ago, with bulls unable to wrestle back control of the market to provide a relief bounce.

1-hour chart. Source: TradingView
BTC/USD order book data for Binance. Source: Keith Alan/X
BTC/USD annotated chart. Source: Crypto Tony/X
BTC/USD annotated chart. Source: Rekt Capital/X
BTC/USD annotated chart. Source: Rekt Capital/X
BTC/USD monthly returns (screenshot). Source: CoinGlass
BTC/USD annotated chart. Source: Rekt Capital/X
BTC/USD YoY performance annotated chart. Source: Michaël van de Poppe/X
Fed target rate probabilities chart. Source: CME Group (NASDAQ:)
Bitcoin hash rate annotated chart. Source: James Straten/X