As of this weekend in early September 2024, Bitcoin's price is fluctuating near $59,000 to $66,656, showing some recovery after recent bearish momentum. Despite a brief spike, analysts predict that Bitcoin could face further downward pressure this month, potentially dropping as low as $50,000 or even $49,000 due to market uncertainties and selling pressure from larger traders and whales.
Historically, September tends to be a bearish month for Bitcoin and other assets, but analysts expect more bullish activity in October. Keep an eye on key support levels around $54,676 and $50,000 as these will determine how BTC performs in the near term.
