Bitcoin chart highlights $24.7K as analyst says 'nothing has changed'
Bitcoin has neither broken out nor down, but the status quo still includes the risk of a trip to BTC price "bearadise." Bitcoin (BTC) stayed below $26,000 into the Sep. 3 weekly close as Analysis brushed off overly bearish trader sentiment. BTC/USD 1-day chart. Source: TradingView BTC price weekly close puts $25,900 in focus Data from Cointelegraph Markets Pro and TradingView showed BTC price avoiding volatility over the weekend, operating in a tight $200 range. An absence of direction provided a solid sense of deja vu for market participants, with similar behavior seen toward the August monthly close. With all trace of last week’s two volatility events — involving crypto asset manager Grayscale and United States regulators — erased from the chart s, traders weighed the impact of various potential weekly close levels. “In terms of market structure, yet to see a candle body close below June HL or $25.9K,” popular trader Skew wrote in part of an X thread. Skew referenced a hi...