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Bitcoin bulls run risk of ‘Bart Simpson’ BTC price dip to $62K

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Source: Coin Telegraph

Bitcoin holds its latest advances over the weekend, but there are plenty of arguments calling for a snap BTC price retracement.

Bitcoin (BTC) circled $64,000 into the Aug. 25 weekly close as analysis warned that BTC price gains could soon be wiped.

Data from Cointelegraph Markets Pro and TradingView showed a flat weekend for BTC/USD after rapid gains at the end of the previous Wall Street trading session.

These followed promising signals from the United States Federal Reserve regarding policy easing in September, specifically the first interest rate cuts since 2019.

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Author: William Suberg

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