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As the Rugby World Cup kicks off in Japan, we are still waiting for the catalyst which kicks off the next bitcoin (BTC) price rally.


Bitcoin (BTC) Price: Yet Another Rangebound Week

Bitcoin price started the week near the top of its increasingly long-standing $1000 range around $10k. Which meant that failing a breakout, there was only really one way it would go.

Despite this, some started the week in an optimistic mood, speculating that interest-rate cuts and the imminent launch of Bakkt would push BTC to $10,700 by the week’s close. Some thought that this would then launch a potential upside breakout.

Of course, this prediction came just before a monster red candle pushed price back down into four-figures, getting as low as $9,600 support. Support held, and price crawled slowly back upwards.

The positive news is that many agree that…

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Source: https://bitcoinist.com/bitcoin-btc-price-still-rangebound-but-altcoins-move/