Here's why Crypto Pundit advises Bitcoin investors to wait
Bitcoin's value has fallen from its all-time high in March 2024, disappointing investors' hopes for a huge bull surge after its halving event. A crypto expert is urging investors to be patient despite the market decline, as Bitcoin may turn bullish in the next months.
A Chance for Crypto Investors
Bitcoin has traditionally experienced extreme negative momentum, volatility, and instability in September, according to numerous crypto specialists. Rekt Capital, a crypto analyst, warned his over followers that Bitcoin's price fell 8% in September.
In September 2021, 2020, 2017, and 2018, the Bitcoin fell 5% to 7%, he said. BTC normally performs badly in this month, therefore the expert said this price decrease was normal.
A crypto specialist named ‘Unipcs’ has given investors who have been suffering Bitcoin price decreases optimism in light of this repeated downward. Unipcs noted that crypto prices rose strongly in October and November.
Bitcoin has consistently declined in September and surged in October, according to the expert. Unipcs anticipates a dramatic Bitcoin price turnaround in the next months based on this historical trend.
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He advised investors to keep invested in BTC because he thinks the market would improve shortly. Many crypto specialists agree with the analyst's forecast that Bitcoin would fall again in September.
Rob Inhoods, a crypto enthusiast and expert, said Bitcoin had concluded September favorably just three times since 2012. The cryptocurrency rallied heavily in October, November, and December each time.
Market intelligence tool Santiment revealed a major Bitcoin price shift on September 10. According to sources, BTC's market value is finally rising following a series of falls and modest upticks after its April 20, 2024 halving.
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