‼️‼️#Bitcoin 's Potential Rise Amid Key Economic Events‼️‼️
#Matrixport ’s month-old forecast of Bitcoin reaching $116,000 through contrarian seasonal trends is playing out as predicted.
Market sentiment is turning more positive, but this week’s crucial developments—#U.S. stock earnings, the delayed White House crypto report, and the Fed’s rate decision—could stir up fresh market moves.
Still, August and September tend to be slow months for BTC, with August averaging near-zero returns over the past 10 years and only three positive years.
Traders often book profits during this stretch. While the long-term trend remains bullish, short-term price action may pause or consolidate due to seasonal headwinds.