Weekly Close Risks “Double the Price of BTC” – 5 Things to Know About Bitcoin This Week

Bitcoin counts $26,000 with BTC price action at crucial decision point heading into first week of September .

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Bitcoin (BTC) Launches First Full Week of September with Crossroads BTC Price Development: Can $26,000 Pay Out?

After a quiet weekend, the dust seems to have settled on last week's volatility as cryptocurrency markets return to normal.

Bitcoin finds itself in familiar territory, but with no trend, traders and analysts remain undecided on its next moves.

There is certainly no shortage of BTC price decline predictions: $25,000, $24,750, and even $23,000 have all become popular targets in recent weeks.

Bulls, on the other hand, seem to have a tougher job to do to regain market momentum.

With network fundamentals needing to shore up their own recent gains and calm macro markets, whether September 2023 will be a classic month of single-digit losses for BTC/USD is now a topic of discussion.

Cointelegraph takes a look at the main factors that will influence the price action of BTC over the next few days.

Weekend Bitcoin Price Breaks BTC Shorts

Bitcoin offered few surprises in off-hours weekend trading — a status quo that may endure, with US stock markets not opening until September 5.

BTC/USD 1 hour chart. Source: TradingView

For most of the past two days, BTC/USD has been operating in a narrow $200 corridor, as data from Cointelegraph Markets Pro and TradingView shows – but modest up and down spikes belied the presence. players in speculative exchanges.

These were noticed by popular trader Skew, who uploaded order book data showing failures...