Bitcoin (BTC) starts a pivotal week on a firm footing as bulls succeed in wiping out weeks of losses.
After closing the latest weekly candle at $21,800, its highest since mid-August, BTC/USD is back on the radar as a long bet.
The end to an extended period of downside interspersed with sideways price action now appears firmly at an end, with volatility expected to form a major theme in the coming days.
In fact, few weeks in Bitcoin’s history have been as hectic as this one is likely to be.
In addition to the Ethereum (ETH) Merge on Sep. 15, the United States inflation trend will come under scrutiny on Sep. 13 with the release of August Consumer Price Index (CPI) data. The recipe for unpredictability is there.