Watch out for the calendar: Is Bitcoin following a script for a surprise drop? 🗓️
Watch out, my people! If you are one of those glued to the screen watching how cryptocurrencies rise and fall, this news is for you. Some sharp analysts are saying that the Bitcoin (BTC) market could be about to experience déjà vu, meaning that history is going to repeat itself. And what does that mean? That after the spike we saw in July and August, a possible drop is coming in September. Aha! Just as you heard.
The expert Benjamin Cowen made us think with an analysis that seems taken from a crystal ball. It turns out that in previous cycles, like in 2013, 2017, and 2021, Bitcoin did the same: it got energized in the middle of summer, increased in price, and made us believe that the sky was the limit. But boom, in September, things would get ugly and there would be a "reset" before the final push at the end of the year. If this pattern repeats, those who bought at the crest of the wave could feel a hit. 😬