Some analysts believe that the price of Bitcoin may recover to $60,000 by the end of September Analysts at Tyr Capital believe that the probability of ending September with the price of Bitcoin above $60,000 is higher than below this level.
Tyr Capital Chief Investment Officer Ed Hindy noted that despite the historically negative trend for BTC in September - a possible interest rate cut along with the stability of the US economy - could be an unexpected positive for the cryptocurrency market.