Home Cryptocurrency – Bitcoin Struggles to Recover After Fed Losses as $20K Price Resurfaces – Bitcoin’s Attempt to Bounce Back from Fed Losses Falls Short; $20K BTC Price Regains Attention – Bitcoin Unable to Recover Fully from Post-Fed Losses as $20K Price Gains Prominence Again – Bitcoin Falls Short of Recouping Post-Fed Losses as $20K BTC Price Resurfaces, Grabbing Attention

– Bitcoin Struggles to Recover After Fed Losses as $20K Price Resurfaces – Bitcoin’s Attempt to Bounce Back from Fed Losses Falls Short; $20K BTC Price Regains Attention – Bitcoin Unable to Recover Fully from Post-Fed Losses as $20K Price Gains Prominence Again – Bitcoin Falls Short of Recouping Post-Fed Losses as $20K BTC Price Resurfaces, Grabbing Attention

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– Bitcoin Struggles to Recover After Fed Losses as $20K Price Resurfaces
– Bitcoin’s Attempt to Bounce Back from Fed Losses Falls Short; $20K BTC Price Regains Attention
– Bitcoin Unable to Recover Fully from Post-Fed Losses as $20K Price Gains Prominence Again
– Bitcoin Falls Short of Recouping Post-Fed Losses as $20K BTC Price Resurfaces, Grabbing Attention

Bitcoin (BTC) experienced a decline in value following the Wall Street open on September 21, as predictions of a $20,000 BTC price resurfaced. The BTC/USD 1-hour chart showed this downward trend. Traders and analysts remained cautious in light of the recent lack of volatility in the market. Cryptocurrency trader Crypto Tony suggested a slow rise in Bitcoin’s value to $28,500, followed by increased hype and fear of missing out (FOMO), and then a subsequent decline. Material Indicators, a monitoring resource, observed a potential “death cross” on the weekly chart, which occurs when certain moving averages collide. They predicted a potential lower low at the weekly close, indicating a possible decline to $20,000. The liquidation of crypto assets by defunct exchange FTX was also anticipated, which could contribute to the downward pressure on BTC’s price. However, there were some more optimistic views, with trader CryptoCon suggesting that Bitcoin was only in the early stages of its next bull market. Similarly, trader Jelle believed that current prices presented a good opportunity for potential BTC investors. As of September 22, BTC/USD was trading at approximately $26,600, with September gains amounting to around 2.5%, making it Bitcoin’s best month since 2016.

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