📈 Analysts encourage holders to be patient, Bitcoin may turn around in the next month or two!
Since March 2024, the price of Bitcoin has been up and down like a roller coaster, which has caused many investors to fluctuate. However, don't be discouraged, because history tells us that Bitcoin usually performs poorly in September, but there are often surprises in October and November!
Cryptocurrency analyst Rekt Capital shared an interesting set of data on his X account, showing that Bitcoin tends to fall in September, but often rises in October and November. Another expert Unipcs also pointed out that despite the sharp drop in Bitcoin prices in September, there may be a turnaround in the next few months.
Analyst Rob Inhoods also joined the discussion, and he found that Bitcoin has risen only a few times in September since 2012, but it often rises sharply in the following months. Crypto Rover also reminded us on his X account that September is the worst performing month for Bitcoin, while October and November are the best performing months.
Market intelligence platform Santiment has also joined the optimistic ranks, observing that Bitcoin’s price has recently rebounded despite a series of declines since the halving on April 20. On September 9, the price of Bitcoin reached a high of $57,600, up more than 4.8% in 24 hours.
While traders may still be hesitant, Santiment predicts that Bitcoin prices may surge further as fear, uncertainty, and doubt (FUD) in the market intensifies. Currently, according to TradingView, BTC is priced at $58,104, up more than 5% in value from Monday to Thursday this week.
💬 So, crypto investors, be patient and hold on! The market may soon usher in a turnaround, don’t let short-term fluctuations affect your long-term investment strategy. Remember, history is always strikingly similar, but each time is different. Let’s look forward to Bitcoin’s next upswing together!
