Based

bullish

Cardano

Bitcoin

POPCAT

<p>A YouTube video from Crypto Tips, a YouTube channel, addressed why Bitcoin could struggle or even be bearish in September. The reasons are based on historical factors, price metrics, and political happenings.</p>
<p>Based on the video, September has historically been a challenging month for Bitcoin. This requires short-term traders and those who want to make quick profits to be very cautious with their strategies.</p>
<p>The analyst stated that he has seen the potential for more pullbacks in BTC price to around the mid-$50,000 range. This is against many analysts’ projections of a bullish price for Bitcoin.</p>
<h2 class="wp-block-heading" id="less-leveraged-traders-and-more-liquidations">Less Leveraged Traders and More Liquidations</h2>
<p><a href="https://captainaltcoin.com/here-are-the-major-reasons-behind-the-ongoing-bitcoin-btc-price-dump/" target="_blank" rel="noopener noreferrer nofollow">BTC price has started to go down</a> as the crypto analyst suggested. Some of the reasons behind this, according to the video, are that open interest remains high, although there has been decreasing leverage within the Bitcoin space.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>Meet <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong>PandaWorld</strong></a>, the new meme coin currently selling at <a href="https://thepandaworld.com/en" target="_blank" rel="noopener noreferrer nofollow"><strong><em>discounted presale prices</em></strong></a>! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>There have been various liquidation activities for Bitcoin, and analysts think this is positive for crypto, discouraging <a href="https://www.bitdegree.org/crypto/tutorials/what-is-leverage-trading-crypto" target="_blank" rel="noopener noreferrer nofollow">leveraged trading activities</a>. The analyst sees holding and buying Bitcoin for the long term as a preferred strategy.</p>
<h2 class="wp-block-heading" id="september-has-been-a-bad-month">September Has Been a Bad Month</h2>
<p>Historically, September has been the worst-performing month for Bitcoin over the past decade. According to data shared by Lark Davis, Bitcoin has only seen positive returns in September three times in the last ten years.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/is-investing-in-presale-coins-smarter-than-buying-bitcoin-btc-or-cardano-ada/" target="_blank" rel="noopener noreferrer nofollow">Is Investing in Presale Coins Smarter Than Buying Bitcoin ($BTC) or Cardano ($ADA)?</a></em></strong></p>
<p>However, the analyst notes that this bull market differs from previous cycles, as Bitcoin reached all-time highs before the halving event. He attributes this to increased institutional involvement rather than purely retail-driven price action.</p>
<p>The analyst suggests that significant price movements typically occur around 130 to 160 days after <a href="https://www.ig.com/en/bitcoin-btc/bitcoin-halving" target="_blank" rel="noopener noreferrer nofollow">the BTC halving.</a> Currently, Bitcoin has been trading within a range for about 36 days post-halving. While cautioning short-term traders, he reassures long-term spot holders that their position remains strong.</p>
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Why Bitcoin Price Could STRUGGLE This Month!" width="840" height="473" src="https://www.youtube.com/embed/iOoeniY1dP8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<h2 class="wp-block-heading" id="geopolitical-tensions-between-france-and-uae">Geopolitical Tensions Between France and UAE</h2>
<p>The analyst also mentions recent geopolitical events affecting the crypto space, including tensions between France and the UAE involving Telegram’s founder, and allegations of Binance seizing Palestinian crypto assets at Israel’s request.</p>
<p>The analyst thinks that during these trying periods, it is better to keep Bitcoin using a self-custody method rather than with exchanges to reduce the risk associated with geopolitical factors.</p>
<p>The presenter thinks that Bitcoin remains positive and bullish in the long term, especially for those holding Bitcoin without leverage.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/heres-why-bitcoin-btc-price-could-struggle-in-september/" rel="noopener noreferrer nofollow">Here’s Why Bitcoin (BTC) Price Could Struggle In September</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Bitcoin (BTC) Price Could Struggle In September

Table of Contents

CaptainAltcoin

Other articles published on Aug 29, 2024

Telegram CEO Pavel Durov Released on €5 Million Bail, Barred from Leaving France

Cardano Price Prediction: Is the Bullish Breakout Fading? Can ADA Still Reclaim $0.45?

Inferno Drainer usage triples as crypto scams soar in 2024

Meta is planning mixed reality glasses they’re calling ‘Puffin’ — Report

BC.GAME Supports Dogs Token Deposit and Withdrawal, Enhancing Cryptocurrency Options for Players ...

5 Best Altcoins for Next Bull Run: Invest Before They Explode and Get 100x Returns!

Join our free newsletter for daily crypto updates!