{"id":7434,"date":"2022-09-27T11:04:42","date_gmt":"2022-09-27T11:04:42","guid":{"rendered":"http:\/\/www.cryptoheretostay.com\/?p=7434"},"modified":"2022-09-27T11:04:43","modified_gmt":"2022-09-27T11:04:43","slug":"bitcoin-gains-5-to-reclaim-20k-eyes-first-green-september-since-2016","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=7434","title":{"rendered":"Bitcoin gains 5% to reclaim $20K, eyes first &#8216;green&#8217; September since 2016"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>BTC price 9-day highs greet traders<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it added over 7% after the Sep. 26 close.<\/p>\n<p>Local highs of $20,344 appeared on Bitstamp before the pair began consolidating at around $20,200.<\/p>\n<p>The move naturally did not go unnoticed by in trading circles, but opinions differed over the outcome, amid warnings that the whole episode may end up trapping overoptimistic traders taking late long positions.<\/p>\n<p>\u201cNo [rejection] yet, but soon. Expecting higher for now,\u201d popular Twitter account Il Capo of Crypto summarized, sticking by a theory which demanded new lower lows than the sub-$19,000 levels seen over the past week.<\/p>\n<p>Research firm Santiment meanwhile noted mass profit-taking beginning as Bitcoin recrossed the $20,000 boundary for the first time in over a week.<\/p>\n<p>\u201cMany traders were apparently awaiting the $20k threshold to begin selling their bags,\u201d it revealed alongside a chart of transactions made at a profit or loss to their owner. <\/p>\n<p>\u201cAs Bitcoin crossed back above this psychological level, mass profit taking ensued. Now we find out whether those anxious to sell will regret their decisions.\u201d<em>Bitcoin transactions in profit\/ loss annotated chart. Source: Santiment\/ Twitter<\/em><\/p>\n<h2>Can bulls beat &#8220;Septembear?&#8221;<\/h2>\n<p>In a sign of how even modest price moves can impact market sentiment, meanwhile, the return to $20,000 set up BTC\/USD to finish September higher than at the start.<\/p>\n<p><strong><em>Related:\u00a0\u2018The bond market bubble has burst\u2019 \u2014 5 things to know in Bitcoin this week<\/em><\/strong><\/p>\n<p>As noted by on-chain analytics resource Material Indicators, all now rested on bulls\u2019 ability to defend BTC price action into the monthly close.<\/p>\n<p>\u201cBTC now in position for a green Monthly close&#8230;if it can hold through Friday. Taking profits along the way,\u201d it confirmed in a tweet.<\/p>\n<p>While modest, Bitcoin\u2019s September gains totaled 0.7% at the time of writing, with BTC\/USD at $20,200. If the month ends up \u201cgreen,\u201d it would be the first non-loss making September since 2016, data from Coinglass shows.<\/p>\n<p>Just a day previously, Bitcoin was looking at monthly losses of 6% or more.<\/p>\n<p><em>BTC\/USD monthly returns chart (screenshot). Source: Coinglass<\/em><\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-gains-5-to-reclaim-20k-eyes-first-green-september-since-2016\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) delivered long-anticipated volatility on Sep. 27 as a squeeze higher resulted in a push beyond $20,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price 9-day highs greet traders Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it added over 7% after the Sep. 26 close. Local highs of $20,344 appeared [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-7434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7434"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7434\/revisions"}],"predecessor-version":[{"id":7436,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/7434\/revisions\/7436"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/7435"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}