Is The Bottom In For The Bitcoin Price? – Bitcoin Magazine

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The following is an excerpt from a recent issue of Bitcoin Magazine Pro, Bitcoin Magazine premium markets newsletter. To be among the first to receive these statistics and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

Peak Pain: Still Ahead of Us

The word of the day is pain. That was Federal Reserve Chairman Jerome Powell’s favorite quote at the September Federal Open Market Committee meeting. A simple economic release and subsequent press conference sent the market into a period of mild panic with rates rising, volatility rising and bitcoin stocks selling off. The S&P 500 lost a critical support level of 3850, bitcoin was sent back to local lows of $18,100 and the 2-year Treasury rose 4.1%.

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