Bitcoin’s Range-Bound Stalemate Signals Imminent Big Move, Analysts Warn

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Bitcoin’s Range-Bound Stalemate Signals Imminent Big Move, Analysts Warn
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Despite another dip in crypto markets over the weekend, they have been largely range-bound for the past six months.

“Screams to me that this price range is becoming ‘unstable’, and the market is ready to move somewhere else.”Screams to me that this price range is becoming 'unstable', and the market is ready to move somewhere else., given the likelihood of a Federal Reserve interest rate adjustment. However, analysts have observed that September is historically bearish for Bitcoin.

The analyst concluded that Septembers were usually consolidation months with a higher chance of small downsides.

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