Chat

XBTUSD News

(4 votes)


Last Updated Date: 31 August 2021 @ 7:12 AM (UTC)
*Please note that all the dates are in GMT time zone

There is an old proverb which says that history does not always repeat, but it tends to rhyme. If that holds true for Bitcoin (BTC), then a strong up-move may not happen in the month of September.

Bybit data shows that since 2013, Bitcoin has closed September in the red for six years and has managed a positive monthly close only on two occasions. The best performance was in 2016 when Bitcoin rose 6.04%.


The island topping turnover continues to drive selloffs. Yesterday’s extension lower leaves trade poised for a larger turnover with initial declines likely sliding into the 44253 - 42266 zone, when broken ⇒ 36575. Any recovery contained under  49666  will continue to be weighed down by selling pressures. 

 
Chart

XBTUSD Live Price


sell
buy
Daily price range:
Low
High