Change is imminent! After September’s seasonal decline, the crypto market may see a strong rebound

Looking back at history, September always seems to be a troubled month for Bitcoin.

For example:

In 2019, Bitcoin plummeted from a high of $10,500 to $8,000, a significant drop. In 2020, despite a slower decline, Bitcoin fell from $12,050 to around $10,000.

However, in 2021, September staged a surprise rebound. Although there was a decline at the beginning of the month, by the end of the month, the price of Bitcoin rebounded strongly to $43,000, as if breaking the "curse" of September.

Market insights such as JPMorgan Chase compare Bitcoin to digital gold and predict that its future market value may reach US$4 trillion, driven by increasing institutional interest.

Cathie Wood of ARK Invest boldly predicted that by 2030, the unit price of Bitcoin may touch one million US dollars, which will undoubtedly give the market a boost.

Subtle changes in the market indicate potential changes.

According to data from Hyblock Capital, a sudden drop in market depth typically signals a bottom, suggesting that Bitcoin’s correction from its highs of $65,000 may be nearing its end.

The relationship between Bitcoin and gold is becoming increasingly close. Especially when global financial uncertainty intensifies, its safe-haven properties become more obvious.

Current market dynamics suggest that order book liquidity has declined sharply, and this calm may be the calm before the storm, signaling that a rising tide may be coming.

The Fed's interest rate cut expectations, market depth tightening and frequent large capital flows all indicate that the dawn of a bull market is emerging.

Based on historical data, authoritative analysis and technical observations, although Bitcoin often suffered setbacks in September, the following October and November often bring surprises. ➕👗➩BNB0098

This means that there may be a turn for the better after the "Golden Nine". However, the ever-changing and high volatility of the crypto market reminds investors to remain calm and not relax in risk management.

Macroeconomic variables, such as the Federal Reserve’s policy movements, remain key uncertainties for the Bitcoin market.

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