Bitcoin Price at Critical Weekly Close: Crypto Traders Describe Likely Outcomes – Cointelegraph
The price of Bitcoin (BTC) is approaching the last weekly candle in August. Some traders believe that Bitcoin’s performance over the next two weeks could decide whether its price drops back below $ 10,000 or whether a prolonged uptrend.
The weekly closing of the week’s candles coincides with the expiration of CME’s Bitcoin futures and Deribit options contracts. This could potentially set a…