🌪️Analysts warn: Bitcoin range fluctuations indicate that big moves are coming?
🔄 The Bitcoin market has been fluctuating slightly within a range recently, but analysts remind us that this calm may be a prelude to big fluctuations. Like the calm before the storm, Bitcoin may be brewing a big move.
📈 Although the market fell over the weekend, overall, Bitcoin's price trend has remained in a range over the past six months. Analyst James Check pointed out that Bitcoin's volatility trend is changing, with the amplitude and duration of fluctuations increasing, which may mean that the current price range is about to be broken.
🔮 However, with the arrival of September, the market is talking about the possible interest rate adjustment of the Federal Reserve, which may become a catalyst for Bitcoin's big moves. However, September has not been a good month for Bitcoin historically. Although there have been positive monthly returns in September in the past few years, data from the past six years show that September has been a bearish month for Bitcoin.
📊 At the same time, analysts generally believe that September is often a period of market consolidation and Bitcoin may experience a small decline. Analyst "CrypNuevo" pointed out through analyzing liquidity that there are a lot of liquidations around $57,000, but the market may also see prices rise to $61,300 (lower track of the bull market support line) first.
🌐 Analyst Willy Woo observed that the distribution of Bitcoin on exchanges is changing, and the BTC inflows previously caused by the German and US governments and the Mt.Gox incident are being absorbed by the market. He also mentioned that the leverage ratio of crypto derivatives is decreasing, which may be a sign of market stabilization.
🤔 For the market situation in September, how do you predict Bitcoin will go? Do you think the market is ready for a big move? Leave your insights in the comment area!
