A closely followed crypto analyst cautions that the upcoming month has a track record of being unfavorable to Bitcoin’s price (BTC).
Rager, a pseudonymous analyst in the sector, tells his 206,100 Twitter followers that September is often not a good month for Bitcoin.
According to Rager’s figure, Bitcoin falls about 6% on average in September. At the time of writing, BTC is worth $19,813, a decrease of 0.98% over the previous day.
While the crypto analyst is bearish on Bitcoin in the short term, he predicts it will move in a wide range between $18,000 and $48,000 over the next year or two.
According to the analyst’s chart, BTC might trade sideways until April 2024 before resuming its uptrend and setting a new all-time high.
Rager claims that the buzz around Ethereum’s highly anticipated transition to a proof-of-stake consensus mechanism has already been factored in.
At time of writing, ETH is trading at $1,445, down over 2.9% on the day.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Author
Bitcoin
Top Analyst Issues Bitcoin Alert In September
A closely followed crypto analyst cautions that the upcoming month has a track record of being unfavorable to Bitcoin’s price (BTC).
Rager, a pseudonymous analyst in the sector, tells his 206,100 Twitter followers that September is often not a good month for Bitcoin.
According to Rager’s figure, Bitcoin falls about 6% on average in September. At the time of writing, BTC is worth $19,813, a decrease of 0.98% over the previous day.
While the crypto analyst is bearish on Bitcoin in the short term, he predicts it will move in a wide range between $18,000 and $48,000 over the next year or two.
According to the analyst’s chart, BTC might trade sideways until April 2024 before resuming its uptrend and setting a new all-time high.
Rager claims that the buzz around Ethereum’s highly anticipated transition to a proof-of-stake consensus mechanism has already been factored in.
At time of writing, ETH is trading at $1,445, down over 2.9% on the day.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
Other Posts
Related Posts
Latest
Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments
Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
Press Release
Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
