Bitcoin has surged past $60K, marking a key moment for both traders and investors. Unlike past rallies driven by retail traders, this one is fueled by institutional investors, signaling a potentially different dynamic this time. Crypto analyst Rajat Soni advises against selling, as institutional buyers are ready to purchase what retail traders sell off.
Historically, September has been a tough month for Bitcoin, but this year it might defy the trend, with Bitcoin already up and possibly closing the month "in the green" for the first time since 2016. BTC's dominance has reached 57.80%, its highest in this cycle, with technical indicators pointing to further gains ahead.
Whether you’re a short-term trader or a long-term investor, this could be the moment you've been waiting for.
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