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.

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

The recent performance of Bitcoin shows that it has struggled to recover from the losses incurred after the Federal Reserve's interest rate pause. As of now, BTC/USD is trading around $26,600, which reflects a modest gain of about 2.5% for September. However, this is still not enough to dispel concerns as predictions of a $20,000 price point are resurfacing among market participants.

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