Crypto analyst notes a few key events to look forward to in September.
September is usually a bearish month but is always followed by a bullish Q4 in halving years.
Some key events include the US Presidential Debate, CZ’s release, and Federal rate cuts.
The price of Bitcoin (BTC) continues to stagger around the $54,000 price level and analyst expects another major dip to hit the crypto market before prices make a soaring recovery and move towards setting new ATHs. Many analysts are referring to historical data to determine when the BTC price will make a bullish reversal.
September Could Close With a Bullish Start to Q4
According to this historical data, the price of Bitcoin (BTC) has always had turbulent downs in the months of August and September with prices going green in all of Q4. This means that October, November, and December should likely push BTC and altcoin prices to bullish levels.
Historically, the halving year of the Bitcoin Cycle has only seen green bullish months for Q4, and this year could see a similar price movement. However, some are expecting to see this pump begin in the latter half of September. In detail, one crypto enthusiast shares a few bullish dates for September that could trigger a price recovery.
https://twitter.com/martypartymusic/status/1832853162195333409 Bullish Crypto Events to Watch in September
As we can see from the post above, September seems to have a lot of surprises for the financial markets including the crypto community. Starting September 9, the post highlights the Japanese GDP following with the House Financial Services Committee hearing as well as the US Presidential Debate on September 10.
Adding on September 11 and 12 will shed light on more reveals like the European Central Bank rate decision. Then following the Full Moon and eclipse on September 17, September 18 will reveal the US Federal Funds Rate decision along with the Token2049 crypto conference in Singapore.
Closing off the months of September on 23, 29, and 30 are the respective events of Gary Gensler’s testimony before the full US House committee, CZ’s release from jail, and the Messari mainnet launch in New York, respectively, all likely contributing to the bullish start of Q4 2024.
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