HomeUncategorizedWhy is Bitcoin price stuck? By Cointelegraph

Why is Bitcoin price stuck? By Cointelegraph

September 5, 2023

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© Reuters.

(BTC) has been stuck in a slow decline in September, with neither bulls nor bears able to spark a clear trend.

1-hour chart. Source: TradingView

BTC price performance has failed to impress so far this month, and BTC/USD is on the way to forming classic September losses, data from Cointelegraph Markets Pro and TradingView shows.

BTC/USD 1-day chart with 200-week MA. Source: TradingView
(DXY) 1-day chart. Source: TradingView
BTC/USD annotated chart. Source: Skew/X