Bitcoin analysis warns BTC price risks 2023 rerun when stocks shed 10%

Bitcoin bulls may be in for a grim reminder of how the start of Q4 can be difficult for BTC price bullishness.

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Bitcoin (BTC) stayed rangebound at the Aug. 30 Wall Street open as traders began to compare BTC price action to its 2023 breakdown.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting around $59,500.

The latest United States macroeconomic data in the form of the Personal Consumption Expenditures (PCE) Index did little to shift the sideways landscape.

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