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…