September ‘crash’ to $22K? — 5 things to know in Bitcoin this week
The BTC price looks frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more pain. Bitcoin (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. The outlook is similarly uncertain, with September traditionally a poorly performing month for Bitcoin, and with the August monthly close just days away, could another downside surprise lie in store? Macro triggers are again taking a back seat this week, with Personal Consumption Expenditures (PCE) Index data the highlight in what is otherwise a cool week for crypto contagion. That said, traders and analysts are on their toes, and with no hint of a rebound in sight, many are still braced for worse to come. Cointelegraph takes a look at the main BTC price performance talking points for the week ahead. BTC price sags...