⭐⭐Famous Analyst Reveals Expected Course for Bitcoin in August and September ⭐⭐

According to analysts, the decrease in Bitcoin open positions and the inability to overcome the effect of the depreciation in the token price indicate that investor confidence and interest have decreased in a high volatility environment.

BRN analyst Valentin Fournier stated that the trading volume was low over the weekend, emphasizing that the recent small-scale sales lacked a strong downward momentum. Fournier expects the market to follow a volatile course in August and September, and predicts that Bitcoin could move in a wide range between $ 49,000 and $ 69,000. He also says, “Bitcoin has more room to expand before returning to a lower range.”

Last Monday, the Bitcoin futures funding rate turned sharply negative. However, Coinglass data shows that the funding rate turned positive again as of Friday and investor sentiment developed in a more optimistic direction.

Bernstein analysts say the recent price drop is largely due to the US elections. According to analysts, the decline accelerated after Kamala Harris' significant rise in the polls.

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