Bitcoin analysts line up BTC price talking points for the week ahead.
For fellow trader and analyst Rekt Capital, however, anything much below $26,000 was cause for concern on longer timeframes.
“A BTC Weekly Candle Close below ~$26,000 would likely confirm the Double Top to kickstart the breakdown process,” heFed speakers headline macro weekThe coming four-day week for the U.S. holds little in terms of significant macroeconomic data, with the Federal Reserve itself instead in focus. The words used by officials can nonetheless upend market expectations for what will happen with the Fed’s inflation battle., markets overwhelmingly expected — with 93% certainty — rates to remain the same in September.After surging ahead to new all-time highs two weeks ago, Bitcoin mining difficulty is coming down to earth.at its upcoming automated readjustment on Sep. 5.
“This has coincided with miner balance decreasing by about 4k BTC, primarily coming from F2Pool that has seen its BTC balance cut in half,” part of weekend X commentaryStraten added that any further decrease in BTC price performance could result in additional miner stress, compounding the trend at F2Pool.
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