Ethereum

bullish

Bitcoin

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin’s historical bearish trend in September might change due to improving global liquidity and NASDAQ’s embrace.</li> 
 <li>Despite the bearish trend in August, Bitcoin’s dominance against Ethereum and other altcoins remains significant.</li> 
</ul> 
<p> Bitcoin’s history shows a bearish trend for most Septembers, but the current year may prove to be an exception.</p> 
<p>NASDAQ’s acceptance of Bitcoin and the improvement in global liquidity conditions could lead to a bullish outcome in September.</p> 
<h2 id="bitcoin-s-performance-in-september">Bitcoin’s Performance in September</h2> 
<p>Bitcoin [BTC] will end August with a lower value than its opening price unless it rallies above its current weekly high within the next three days.</p> 
<p>This indicates that the responsibility of delivering positive monthly gains will carry over into September.</p> 
<p>Historically, September has been a bearish month for Bitcoin, with the cryptocurrency delivering a bearish performance in eight out of 11 Septembers since 2013.</p> 
<p>However, several key factors suggest that BTC may be extremely bullish in the upcoming month.</p> 
<h2 id="global-liquidity-and-bitcoin">Global Liquidity and Bitcoin</h2> 
<p>Recent data shows that global liquidity is recovering and reaching new highs. Although Bitcoin hasn’t received a large share of this liquidity, the positive trend in liquidity is beneficial for the market.</p> 
<p>The increase in global liquidity, along with expected rate cuts in September, could give Bitcoin the boost it needs to yield positive returns during the month.</p> 
<p>A CryptosRus analysis suggested that a mix of rate cuts, growing liquidity, the halving, and the U.S. elections closely resembled Bitcoin in 2016 and 2020. BTC experienced a robust rally in both instances.</p> 
<h2 id="bitcoin-s-mainstream-market-breakthrough">Bitcoin’s Mainstream Market Breakthrough</h2> 
<p>Access to Bitcoin is higher than ever, especially with the launch of ETFs earlier this year. This increased access could soon extend to the stock market, thanks to a recent NASDAQ filing.</p> 
<p>NASDAQ plans to introduce Bitcoin options trading, which may further enhance positive sentiment among investors.</p> 
<p>Bitcoin investors may also be gearing up for a price rally in September. Large holder inflows have spiked in the last 24 hours, reaching the fourth-highest level observed in the past three months.</p> 
<p>Inflows peaked at 77,400 BTC during the same period, with only 11240 in outflows recorded during the same period.</p> 
<p>Despite Bitcoin’s price dipping below $60,000 once again, investor optimism remains high, as evidenced by the intense accumulation at lower prices.</p> 
<p>Bitcoin has also maintained a significant dominance against Ethereum [ETH] and other altcoins, positioning it to benefit from most of the liquidity flowing into the crypto market.</p> 
<p>As a result, Bitcoin continues to command most mainstream attention, despite the presence of numerous altcoins.</p> 
<p>Bitcoin is poised for a potentially bullish September if interest rates decrease. Improved global liquidity and increased adoption in mainstream markets could favor BTC’s performance by the end of the year.</p>

Can Bitcoin Shatter Its September Curse? Here’s Why BTC Could Make History

Table of Contents

CoinEagle.com

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