#BTC☀ $BTC

On September 9, Bitcoin prices rebounded to $57,500, up about 8.3% from this week’s low. The recovery has traders wondering if Bitcoin has bottomed.

Bitcoin fell sharply on September 5, falling below $55,000 for the first time, as the U.S. August jobs report was worse than expected. However, despite light trading volume over the weekend, Bitcoin rose for the third consecutive day and closed above $53,250, which is considered to have retained a key “buy opportunity” area.

While September is not usually a good month for risk assets such as Bitcoin, historical data shows that if you survive September, the next few months may perform better. The current market risk is still high, indicating that the price may not have bottomed out completely, but it may also be a good entry point.

Bitcoin’s RSI indicator has shown a bullish signal, which means that bulls are gradually taking control of the market and may push the price to close to $59,000 in the short term.