Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion

Cointelegraph

Published Sep 23, 2021 07:25AM ET

Updated Sep 23, 2021 09:00AM ET

Bitcoin (BTC) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse.

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

Data from Cointelegraph Markets Pro and TradingView showed volatility continuing for BTC/USD Thursday.

BTC/USD buy/ sell levels (Binance) as of Sept. 23. Source: Material Indicators
ETH/BTC 1-hour candle chart (Bitstamp). Source: TradingView

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