bullish

Bitcoin

<p>September is often dreaded by Bitcoin investors, known for being historically a difficult month for the cryptocurrency. However, this year, speculations are divided between a possible bearish curse and a bullish rise.</p> 
<h2 id="h-bitcoin-bearish-curse-or-bullish-rise-in-september">Bitcoin, bearish curse or bullish rise in September?</h2> 
<p>Historically, September has been a month of <a href="https://www.cointribune.com/en/bitcoin-au-bord-du-gouffre-analyse-du-12-septembre-2023-2/" target="_blank" rel="noreferrer noopener">poor performance</a> for Bitcoin. Data shows that, since 2013, Bitcoin has often recorded losses in September. This trend has led to some apprehension among investors, who fear a repetition of past declines.</p>
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<p>This year, Bitcoin faces significant resistance at the $60,000 level after a recent sell-off, which worries investors and analysts about its future trajectory. As Bitcoin hovers around this crucial threshold, observers fear a prolonged bearish market.&nbsp;</p> 
<p>An analyst <a href="https://x.com/ali_charts/status/1829862953794818067?s=46&amp;t=zj7ICl0Lw9vdTKh741lFIQ" target="_blank" rel="noreferrer noopener">highlighted</a> the importance of the “price realized by the hot supply,” set at $66,000. According to him, Bitcoin generally remains bullish above this level. A sustained drop below $66,000 could signal a bearish phase, making it crucial for investors to monitor this measure.</p> 
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<h2 id="h-perspectives-for-btc">Perspectives for BTC</h2> 
<p>Currently, Bitcoin is trading at $58,938, recording a daily loss of 0.3% and a weekly decline of 8%. The crypto queen struggles to break the $60,000 resistance! This could weaken investor momentum and lead to further losses. The coming weeks will be crucial to determine its trajectory.</p> 
<p>Experts are divided on Bitcoin’s prospects for this month. Some foresee a necessary correction after significant gains in previous months, while others see buying opportunities at lower price levels. Market volatility remains a key factor to watch.</p> 
<p>Moreover, global economic uncertainties and geopolitical tensions could weigh on Bitcoin! Meanwhile, growing adoption by financial institutions could favor a bullish trend.</p> 
<p>September remains a high-risk month for Bitcoin, with divided opinions on its future direction. Investors need to stay vigilant and well-informed, considering technical analyses and global <a href="https://www.cointribune.com/en/the-fed-caves-in-and-vows-to-lower-its-rates/" target="_blank" rel="noreferrer noopener">economic developments</a>. Whether it’s a bearish curse or a bullish rise, Bitcoin continues to captivate the financial world’s attention.</p>

Bitcoin In September: Will The Bearish Curse Strike?

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