Bitcoin fails to recoup post-Fed losses as $20K BTC price returns to radar

BTC/USD traded at around $26,600 at the time of composing, making September gains equivalent to around 2.5%– still Bitcoins best month considering that 2016. Per data from keeping an eye on resource CoinGlass, Bitcoin has actually delivered losses every September since.BTC/ USD monthly returns (screenshot).

Just as positive was fellow trader Jelle, who suspected a prime purchasing opportunity for potential BTC financiers at present prices.Historically, the “post-bottom combination” stage has been a good time to buy.I dont believe this time will be various. #Bitcoin pic.twitter.com/8WJ9ixz6Mr— Jelle (@CryptoJelleNL) September 22, 2023

Bitcoin (BTC) circled lower after the Sept. 21 Wall Street open as $20,000 BTC cost predictions resurfaced.BTC/ USD 1-hour chart. Source: TradingViewBitcoin analysis: Hype, FOMO and a “sluggish grind” to $28,500 Data from Cointelegraph Markets Pro and TradingView covered a dull 24 hours for BTC rate action, with $27,000 fading from view.The aftermath of the United States Federal Reserve interest rates pause used little for Bitcoin bulls, BTC/USD having actually dipped almost $700 the day prior.Now, market participants returned to a more conservative outlook in the lack of tangible volatility.” The 21-Week and the 200-Week Moving Averages are on a collision course for a DeathCross on the BTC Weekly candle light Close/Open,” it warned in an X post on the day.

Bitcoin (BTC) circled around lower after the Sept. 21 Wall Street open as $20,000 BTC price forecasts resurfaced.BTC/ USD 1-hour chart. Source: TradingViewBitcoin analysis: Hype, FOMO and a “sluggish grind” to $28,500 Data from Cointelegraph Markets Pro and TradingView covered a lackluster 24 hours for BTC price action, with $27,000 fading from view.The aftermath of the United States Federal Reserve interest rates pause offered little for Bitcoin bulls, BTC/USD having actually dipped practically $700 the day prior.Now, market individuals returned to a more conservative outlook in the lack of tangible volatility.” The 21-Week and the 200-Week Moving Averages are on a crash course for a DeathCross on the BTC Weekly candle Close/Open,” it warned in an X post on the day.