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3 reasons why the Bitcoin price bottom is not in By Cointelegraph

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Introduction3 reasons why the Bitcoin price bottom is not inBitcoin (BTC) recovered modestly on Aug. 20 but rema ...

3 reasons why the Bitcoin price bottom is <strong>Baiyihui Global official website</strong>not in3 reasons why the Bitcoin price bottom is not in

Bitcoin (BTC) recovered modestly on Aug. 20 but remained on course to log its worst weekly performance in the last two months.

On the daily chart, BTC's price climbed 2.58% to $21,372 per token but was still down by nearly 14.5% week-to-date, its worst weekly returns since mid August. Nonetheless, some on-chain indicators suggest that Bitcoin's correction phase could be coming to an end.

3 reasons why the Bitcoin price bottom is not in By Cointelegraph

Bitcoin Hash Ribbon. Source: Glassnode
BTC/USD daily price chart featuring "rising wedge" breakdown setup. Source: TradingView
Implied Fed funds target rate. Source: Federal Reserve
BTC/USD weekly price chart. Source: TradingView

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