Bitcoin: What will September be like for the BTC price?

Analyst Ran Neuner predicts that the Bitcoin price will fall to a low of $20,000 this September due to the cryptocurrency's historically bearish trend this month. Neuner also mentions that low volatility in the cryptocurrency market has contributed to the prolonged bear market. He adds that the bulls are showing weakness and the bearish are quickly gaining momentum, which could lead to Bitcoin's price dropping to a low of $20,899 this month.

The slowdown in cryptocurrency prices has led investors to hold on to their money and grow weary of the low movements in digital currencies. The Bitcoin market has been struggling in a bear market where billions of dollars have been lost due to price pullbacks after sudden rallies, such as the one that occurred after the victory of Grayscale's Bitcoin exchange-traded fund (ETF) in the case against the U.S. Securities and Exchange Commission (SEC).

Neuner also mentions that the regulatory crackdown in the U.S. against crypto institutions and the SEC's reluctance to approve a Bitcoin ETF have affected the performance of the cryptocurrency market. According to the analyst, he expects the regulator to continue to reject the ETF until the March 2024 deadline.

Despite this, the cryptocurrency community expects a market revival from April 2023, when Bitcoin is expected to halve its mining reward. Historically, this event has triggered a bullish rally in the Bitcoin price.

In short, the Bitcoin price could fall to a low of $20,000 this September due to the cryptocurrency's historically bearish trend this month. Low volatility in the cryptocurrency market and bullish weakness also contribute to this prediction. Regulatory crackdown in the U.S. and the SEC's reluctance to approve a Bitcoin ETF have affected market performance. However, the market is expected to revive from April 2023 with the halving of the Bitcoin mining bounty.