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

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

(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.

1-hour candle chart by 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 September 24. Source: Material Indicators