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Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

Published 09/24/2021, 09:25 AM
Updated 09/24/2021, 11:00 AM
Sound familiar? September 2017 China Bitcoin ‘ban’ sparked $20K all-time high in 3 months

Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China.

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

Data from Cointelegraph Markets Pro and TradingView showed new multi-day lows of $40,690 for BTC/USD on Bitstamp, down 8% on the day.

BTC/USD buy/ sell levels (Binance) as of Sept. 24. Source: Material Indicators

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