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.

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