balauchiii khaiendiii
--
#RedSeptember #BTCUpdate
Will Bitcoin price drop in September?
Bitcoin is in position for a rebound toward $124,500 in September, even as history brands the month as one of its weakest.
Key takeaways:
Bitcoin may avoid a big September drop and could aim for new highs soon.
A weaker dollar and Fed rate cuts can be significant tailwinds for BTC price.
$BTC
is set to close August in the red, its first down-month since April, stoking fears that the downturn could deepen as September begins
September is usually a bad month for Bitcoin
Bitcoin has a well-established tendency to slide in September.
Since 2013, Bitcoin has closed in the red for eight of the past twelve months, with average returns slipping about −3.80%.Market veterans call it the “September Effect,” a month when traders tend to lock in profits after summer rallies or reposition portfolios ahead of Q4. Since 1928, for instance, the S&P 500 index’s returns in September have averaged around -1.20%.
Often trading in sync with broader risk assets, Bitcoin can become a victim of this seasonal drag.
However, since 2013, every green September for Bitcoin has come only after a bruising August, a pattern that hints of sellers front-running.
$BTC
Will Bitcoin price drop in September?
Bitcoin is in position for a rebound toward $124,500 in September, even as history brands the month as one of its weakest.
Key takeaways:
Bitcoin may avoid a big September drop and could aim for new highs soon.
A weaker dollar and Fed rate cuts can be significant tailwinds for BTC price.
$BTC
is set to close August in the red, its first down-month since April, stoking fears that the downturn could deepen as September begins
September is usually a bad month for Bitcoin
Bitcoin has a well-established tendency to slide in September.
Since 2013, Bitcoin has closed in the red for eight of the past twelve months, with average returns slipping about −3.80%.Market veterans call it the “September Effect,” a month when traders tend to lock in profits after summer rallies or reposition portfolios ahead of Q4. Since 1928, for instance, the S&P 500 index’s returns in September have averaged around -1.20%.
Often trading in sync with broader risk assets, Bitcoin can become a victim of this seasonal drag.
However, since 2013, every green September for Bitcoin has come only after a bruising August, a pattern that hints of sellers front-running.
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0