Bitcoin's price received a boost from the Grayscale lawsuit victory, but the rally was short-lived as the cryptocurrency lost all its gains. BTC is currently trading just above the local resistance level and is showing weak resistance to price drops. On-chain data suggests that BTC lacks strong support below the $25,400 mark, and could suffer a further 10 to 15% drop from the current level. The U.S. Securities and Exchange Commission's next deadline for the Blackrock spot Bitcoin ETF filing approaches in mid-October 2023, which could lead to another wave of volatility for BTC.
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Bitcoin Price Could Drop Further as On-Chain Data Shows Weak Support Levels
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The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.
Title: Electronic Cash Without a Trusted Third Party
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