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Bitcoin rose to highs above $26,800 on Thursday, before profit taking pushed kicked in to see it trade lower. An analyst says price below the 200-week MA represents buying opportunity. Meanwhile, address activity remains high, with 1.1 million BTC send or received daily. Bitcoin spiked above$26,800 overnight Thursday as bulls bounced to hit its highest level since the decline to below $25k on Monday.  Traders eye profits after BTC bounce  With Friday looking likely to see a fourth consecutive green candle, the push to above $26,849 illustrated bulls’ resilience in a historically tough September. However, the rise in profit ratio over the past three days has also seen BTC face a spike in profit taking deals. On-chain data shared via a chart by market intelligence platform Santiment shows that traders took advantage of the upside bounce to pinch small profits. Per the data, Thursday saw the highest ratio of profit vs. loss taking in two mon...

Bitcoin faces a week full of potential price triggers — both up and down — as BTC price action drops below a major trend line. Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls. After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months. Both Bitcoin and altcoins continue to struggle thanks to legal battles raging in the United States and their impact on sentiment. Fragile markets will now encounter a slew of volatility triggers, however, as U.S. macro data releases accompany the next steps in the crypto legal debacle. In what promises to be five days full of surprises, traders will likely experience none of the lackluster sideways price action which was characteristic of crypto markets before the U.S. upheaval. How will the coming week shape up? Cointelegraph takes a look at the major things to consider when it comes to Bitcoin and wider crypto market pri...