Bitcoin ETF

Momentum

<p>The month of September, traditionally gloomy for Bitcoin, could hold surprises this year. As investors hold their breath, the WaveNet deep learning model predicts a possible trend reversal.&nbsp;</p> 
<h2 id="h-wavenet-fait-une-prediction-audacieuse-dans-un-contexte-baissier">WaveNet makes a bold prediction in a bearish context</h2> 
<p>The crypto market is going through a tumultuous period. Bitcoin, after falling 8.6% in August, continued its decline in September, losing 3% on the first day of the month to reach $57,343. This drop led to the <a href="https://www.cointribune.com/en/bitcoin-down-3-in-24-hours-161-million-liquidated/" target="_blank" rel="noreferrer noopener">liquidation of more than $161 million</a> in leveraged positions.</p>
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<p>Despite this gloomy context, WaveNet, a deep learning model, offers a glimmer of hope. According to its calculations, there is a 50% chance that Bitcoin will exceed $65,000 in September. This <a href="https://x.com/cointelegraph/status/1830564749089579498?s=46" target="_blank" rel="noreferrer noopener">prediction</a> is based on an analysis of historical data dating back to 2012, suggesting bullish prospects despite usual seasonal trends.</p> 
<p>WaveNet has already proven itself. In June, the model correctly anticipated a consolidation phase just below $60,000.</p> 
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<h2 id="h-un-marche-bitcoin-divise-entre-craintes-et-opportunites">A Bitcoin market divided between fears and opportunities</h2> 
<p>The current market sentiment is far from optimistic. Bitcoin’s Fear and Greed Index has fallen to 26%, signaling “extreme fear” among investors.&nbsp;</p> 
<p>On-chain data from Glassnode shows a constant decline in the Exchange Volume Momentum indicator, suggesting a decreasing interest in Bitcoin.</p> 
<p>Furthermore, American <a href="https://www.cointribune.com/en/bitcoin-spot-etfs-slow-down-a-historic-low-since-february/" target="_blank" rel="noreferrer noopener">spot Bitcoin ETFs</a> recorded net outflows of over $175 million in just four days, mainly driven by the ARK 21Shares Bitcoin ETF (ARKB) and Grayscale’s GBTC.</p> 
<p>However, this atmosphere of pessimism could paradoxically create opportunities for some. The WaveNet prediction defies market expectations for this month. While some feel that the <a href="https://www.cointribune.com/en/bitcoin-the-september-storm-is-coming/" target="_blank" rel="noreferrer noopener">September storm is approaching</a>, this AI model offers a contrasting perspective. Investors will need to carefully weigh these contradictory pieces of information to navigate this volatile market.</p>

Bitcoin Set To Defy Predictions In September: A Glimmer Of Hope Emerges

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