Based

Bitcoin

when

Yield

<ul>
 <li>September has been a historically challenging month for the crypto market.&nbsp;</li>  
 <li>Reputed analysts raise their voices to preach resilience amidst a time of low sentiment.</li>  
 <li>They see the start of a huge bear trap and remind traders and investors to remain strong.</li> 
</ul>  
<p>The price of Bitcoin (BTC) continues to dip as the crypto market traverses through day 2 of the historically <a href="https://cryptonewsland.com/september-historically-opportune-month-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">challenging month of September</a>. A few analyts expect BTC price to dip below the $40,000 price range drying out sentiment for a new BTC ATH to play out this crypto bull cycle.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-dissecting-the-challenges-of-september">Dissecting the Challenges of September</h2>  
<p>As the market dips and altcoin prices plunge alongside Bitcoin (BTC), several crypto analysts look towards historic data to remind traders to look at the bigger picture. Every year, and every cycle, a similar pattern has played out so far. The month of September has always been a crucial month with crypto performing at the lower end of the bar.&nbsp;</p>  
<p>However, following the September dips is when Bitcoin and altcoins usually come out a lot stronger. More interestingly, during a bull run phase in a bull cycle year, the price of Bitcoin and altcoins have surged to <a href="https://cryptonewsland.com/major-bullish-reversal-for-crypto-jasmy/" target="_blank" rel="noopener noreferrer nofollow">paraplegic highs after the September dip</a>. Many analysts expect this scenario to play out once again.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/AltcoinDailyio/status/1830292067878359444
 </div>
</figure>  
<p>For instance, the silver-tongued analyst, Doctor Profit, known for his many accurate predictions is strongly advocating traders to buy dips or hold strong to their favorite crypto assets. In his eyes, a <a href="https://x.com/DrProfitCrypto/status/1830404272090915041" target="_blank" rel="noopener noreferrer nofollow">huge bear trap</a> is playing out.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-exploring-the-opportunities-september-could-unleash">Exploring the Opportunities September Could Unleash</h2>  
<p>According to Doctor Profit, market makers are trying to shake out weak holders before they allow the parabolic pump to play out. Based on the historical charts above, September is usually a challenging month for crypto and market makers are taking advantage of this fact.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/DrProfitCrypto/status/1830265258264695276
 </div>
</figure>  
<p>As we can see from the post above, Doctor Profit encourages holders to remain resolute and stay calm. He sees that many are losing hope as <a href="https://x.com/DrProfitCrypto/status/1830404697582129535" target="_blank" rel="noopener noreferrer nofollow">sentiment is down</a>, but he reminds holders to not play into the hands of market makers.&nbsp;</p>  
<p>Another popular crypto analyst, <a href="https://x.com/LadyofCrypto1/status/1830369925354913799" target="_blank" rel="noopener noreferrer nofollow">LadyofCrypto</a>, has also been preaching much the same. She says its another cycle mirroring the previous cycles and encourages traders to look at the bigger picture, remain strong, and prepare for face-melting rally after the dip plays out.&nbsp;<br></p>         
<p>The post <a href="https://cryptonewsland.com/historically-challenging-september-crypto-market/" rel="noopener noreferrer nofollow">The Historically Challenging Month of September Begins, What Will the Crypto Market Yield This Year?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

The Historically Challenging Month of September Begins, What Will the Crypto Market Yield This Year?

Table of Contents

Crypto News Land

Other articles published on Sep 2, 2024

Telegram earns $148M from crypto in 2023, but still faces over $100M in losses

Crypto liquidations may be way worse than data has let on, suggest researchers

Brazil Approves Second Solana ETF While U.S. Approval Remains Uncertain

Bitcoin Price Above $57K, As BTC ETFs Record $277M Weekly Outflows

Japanese Financial Giant SBI Backs Metaplanet’s Bitcoin Push

BabyDoge Renounces Token Contracts on Ethereum and BNB Chain

Join our free newsletter for daily crypto updates!