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Double top 'likely' confirmed — 5 things to know in Bitcoin this week

Published 09/11/2023, 04:41 AM
Updated 09/11/2023, 06:20 AM
© Reuters
BTC/USD
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Bitcoin (BTC) begins a key macro week in a weak place as 2023 BTC action begins to look like a “double top.”

After a disappointing weekly close below $26,000, BTC/USD is struggling to catch a bid amid a return to low volatility.

BTC/USD 1-week chart with 200EMA. Source: TradingView
BTC/USD chart with CME gaps highlighted (screenshot). Source: Rekt Capital/YouTube
BTC/USD annotated chart. Source: Titan of Crypto/X
Fed target rate probabilities chart. Source: CME Group (NASDAQ:CME)
Bitcoin UTXOs in Loss chart. Source: CryptoQuant

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