👌👌Bitcoin Reaches $58,000: Analyst Says Bulls Could Be Caught Off Guard Again! 👌👌

Despite a rough start in September, Bitcoin has started to recover by returning to the $57,000 level. However, NYDIG's head of research Greg Cipolaro stated that this recovery is promising, but that a strong positive catalyst for Bitcoin in the short term is limited.

While the price of Bitcoin fell below $53,000 last Friday, it managed to rise above $57,000 on Monday with a 5% increase.

Cipolaro reminded that Bitcoin has historically performed poorly in August and September, emphasizing that prices could move in a more positive direction in October and the last quarter.

However, during this period, he stated that Bitcoin investors should focus on factors other than crypto, especially US employment reports, inflation and the FED's monetary policies. He also said that the US presidential elections to be held in November could have significant effects on the crypto market. He added that Donald Trump has a positive approach to cryptocurrencies, while Kamala Harris has not taken a clear stance on this issue.

Cipolaro predicted that Bitcoin could move depending on general market conditions in the coming weeks.

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