Bitcoin price due ‘big dump’ after passing $20K, warns trader

Bitcoin price due ‘big dump’ after passing $20K, warns trader

Bitcoin (BTC) returned to intraday resistance on Sept. 30 as analysis predicted that $20,000 could break before a new comedown.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Crunch time for $20,000

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it circled $19,600 at the time of writing.

The pair had seen a bout of more volatile behavior the day prior, briefly losing $19,000 before bid support took the market higher.

The day looked to be an important one for…


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