Bitcoin

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<ul class="news-points"> 
 <li>Crypto analyst says Bitcoin could drop to a lower low of $20,000 in September.</li> 
 <li>He said the bulls are showing signs of weakness while the bears are gaining momentum.</li> 
 <li>Bitcoin has dropped by 4% in the past 24 hours and has shed all its gains following a brief rally that started on the 29th of August.</li> 
</ul> 
After a choppy few weeks for Bitcoin, crypto analyst Ran Neuner has predicted that the leading crypto could hit a lower low of $20,000 this month. In a new <a href="https://www.youtube.com/watch?v=lQiN3pu-oAk" target="_blank" rel="noopener noreferrer nofollow">YouTube video</a>, Neuner, also known as Crypto Banter, referenced historic price charts, which showed that the BTC often declines in September. 
Alongside the overall crypto market, Bitcoin has been weathering a stormy bear market that has seen billions of dollars wiped off the market. That includes price reversals following price surges, as seen after the short-lived <a href="https://coinedition.com/ripple-expects-victory-in-sec-lawsuit-amid-grayscale-favored-ruling/" rel="noopener noreferrer nofollow">Grayscale ETF victory</a> surge this week. 
In the video, the analyst said the seasonality only partially accounts for the prolonged bear market. He mentioned that the market slowdown has forced investors to hold onto their money and become weary of crypto price action. 
Bitcoin saw a steep decline in August, which took the price to low that briefly bro… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/analyst-stokes-fears-says-bitcoin-could-drop-to-20k-in-september/">Analyst Stokes Fears, Says Bitcoin Could Drop to $20k in September</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Analyst Stokes Fears, Says Bitcoin Could Drop to $20k in September

Coin Edition

Alte articole publicate pe 1 sept. 2023

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