$BTC 📰🗞️

In September 2024, the bitcoin market is marked by some volatility and an uncertain outlook. The month started on an uncertain note with bitcoin hovering around $57,000, and analysts are wondering if it could drop to $54,000 before potentially rebounding towards $65,000.

Despite a rough start to August, there are some signs that suggest a possible recovery. Indicators show accumulation by long-term holders and a stabilization of miners’ reserves, which could support a bullish recovery in the coming weeks.

However, the underlying trend remains mixed. If bitcoin manages to break above $65,000, it could continue its rise towards $70,000. On the other hand, a pullback below $52,000 could signal a continuation of the downtrend, with critical levels to watch around $42,000 to $44,000.