Bitcoin (BTC) attempted to violate local lows on Sep. 16 as the latest cross-crypto downtrend intensified.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo relief for BTC bulls post Merge
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,600 at the time of writing, with buyer support just avoiding a further drop.
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The level had remained in place as an intraday floor as the Ethereum Merge concluded, only to spark a sell-off, which took Ether (ETH)/BTC toward three-week lows.
ETH/BTC 1-day candle chart (Binance). Source: TradingView
Amid the gloomy mood, traders and analysts showed little inclination to reassess their market outlooks.
“I feel confident with the scenario of quick pump to 23k on BTC and 1800 on ETH and big dump from there,” Il Capo of Crypto wrote, reiterating a long-held