After swinging around the $20k mark for over week now, with some support at $19.3k, Bitcoin has finally broken that support and even dropped below $19k now. And all this even happened just near the daily close, so after a close of thr daily candle at $18.75k we saw the lowest daily close of Bitcoin since 2020!
We are undoubtedly challenging our low of $17.6k just a few months back and it will be interesting how it turns out to be. It was obvious that people were getting way too euphoric over BTC pumping a few thousands up to $25k. Now all those longs are getting destroyed with over $40M just long liquidations in the last 30 minutes. And $100M in the last 24 hours.
Upcoming big news events this month will obviously be new Inflation data on Sep 13th and FED meeting on Sep 20th, have an eye on those.
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