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12 Sep 2023

The widening range - an omen of a nearing breakout?

The latest BTC price action expresses signs of increased volatility ahead as the market fear short-term selling pressure.
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The widening range - an omen of a nearing breakout?
BTC currently express soft signals of widening intraday volatility compared to previous weeks. The price is up to $26.1k at the time of writing compared to $25.8k one week ago. The trading range is, however, showing clear signs of widening. In the last 24 hours, BTC fell to a deeper bottom at close to $25k before retracing and now pushing above the September norm.
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