Channels

Bitcoin

Million

Read

<div class="coingape"> 
 <p><a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> bears continue to have an upper hand with the US SEC delaying the decision on seven spot <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> ETF applications from BlackRock, Fidelity, Invesco, and others. The BTC price failed to break past the 200-day moving average of $27,500, which serves as an important resistance on the upside.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
  <div id="my-banner-ad" class="d-inline-block"></div> 
 </div> 
 <p>On the downside, the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price seems to be ready to retest the support of $25,000 in the near term. During the <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> price pump earlier this week, after the Grayscale victory, crypto analyst Ali Martinez had already cited the chances of BTC price manipulation. The recent price correction validates his theory.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Technical analysis alone can't reveal the intricacies of market manipulation! That's why a comprehensive approach, blending both on-chain and technical analysis, offers the deepest insights. https://t.co/1b8QmmmYvd pic.twitter.com/X0wJsQmmkR</p> 
  <p>— Ali (@ali_charts) August 31, 2023</p>  
  <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
   <div class="NewTrendin dsdsd m-on"> 
    <h5> 
     <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
     </svg>Recommended Articles </h5> 
    <div class="TrendSList owl-carousel owl-relatedpostar"> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/30/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/30/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/30/fa6133ad6e87ee1c4776d3849180d46b.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/30/fa6133ad6e87ee1c4776d3849180d46b.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/30/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/30/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/31/e59946958a3ce000f279efb2e1b9c852.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/31/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/08/30/48cfebc8a0493db9937bed5dd005ee19.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/08/30/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
     </div> 
    </div> 
   </div> 
  </div> 
 </blockquote> 
 <p></p> 
 <h3 id="what-s-next-for-bitcoin-690-million-worth-of-btc-options-to-expire">What’s Next for Bitcoin, $690 Million worth of BTC Options to Expire?</h3> 
 <p>Later today, a total of 26,000 Bitcoin options are set to expire as per the data from Greeks.live. The Put Call Ratio, which compares the number of put options (betting on a price decrease) to call options (betting on a price increase), is at 0.50.</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>The “max pain point” is the price at which most options contracts will expire worthless for the holders, and in this case, it’s $27,000. The total value of all these options contracts, also known as the notional value, is $690 million.</p> 
 <p>On the technical chart, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> continues to show weakness. The month of September could prove to be quite bearish for <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>. As we can see in the below technical chart, the BTC price could consolidate at $26,000 for some more time, before a possible breakdown.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">There's a difference between bias and conviction. It took 2 days for $BTC to retrace this news and I was very vocal about it. Many still grasping narratives at this point. The sooner we can finish the correction the sooner we can go up. pic.twitter.com/jUUelEiSp7</p> 
  <p>— IncomeSharks (@IncomeSharks) August 31, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>On the other hand, analysts are not very hopeful for <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> to make new 2023 highs this year. It will be interesting to see how BTC could perform going ahead.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">I won't be surprised to see #<a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> consolidate between $25,000 – $32,000 for the remainder of 2023. pic.twitter.com/2BihBPZaCJ</p> 
  <p>— Crypto Rover (@rovercrc) August 31, 2023</p> 
 </blockquote> 
 <p></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/btc-price-tanks-soon-as-sec-delays-decisions-on-bitcoin-etf-tbt61173.html">https://thebittimes.com/btc-price-tanks-soon-as-sec-delays-decisions-on-bitcoin-etf-tbt61173.html</a></p>

BTC Price Tanks Soon As SEC Delays Decisions on Bitcoin ETF

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 1 sept 2023

Kava Chain Now Live on Fireblocks, Opening Cosmos DeFi to Institutional Investors

UPS Stock Forecast 2023: United Parcel Breakdown On Horizon?

E-Commerce’s Crypto Revolution: Bridging the Gap to Mainstream Adoption

ethOS Introduces Ethereum Phone with built-in Light Client to Validate Blocks on Mobile

98.52% of WLD Investors in Loss, Is Worldcoin’s Future in Jeopardy?

Whales accumulating XRP, investors bullish on QUBE

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!