Bitcoin is due for a correction, traders agree as BTC slips from $22,500.
The pair had preserved existing gains over the weekend, with a declining U.S. dollar providing a catalyst for risk assets as the week began.
A CME Bitcoin futures gap left over from the Sep. 10 close meanwhile added the area around $21,400 as a possible retracement target. “Most people getting bullish now. Remember that this is a short squeeze, a bounce that happens during a bear market to continue the downtrend afterwards,” heHaving sealed a weekly close above its realized price, BTC/USD now looked primed to see a daily candle close above the 100-day moving average for the first time since April.Ethereum struggles on Merge countdown
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