Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears

Traders say Bitcoin price bounce is overdue after a ‘massive’ BTC long position appears

Bitcoin (BTC) traded in an increasingly narrow range on Sept. 6 as bets piled in over an imminent breakout.

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

Binance futures giant sucks in spent BTC

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying under $20,000 for a fourth straight day with bulls failing to crack resistance.

As many wondered when and how the latest consolidation phase would end, two popular social media traders noticed an ongoing accumulation…


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