Buy Dad buy!!đđ»
The price of Bitcoin (BTCUSD) has fallen below $60,000, starting September on a downward trend. Although historically this is the worst month for Bitcoin, some experts see a buying opportunity.
Michael van de Poppe, for example, believes that a quiet market may be the prelude to a rebound. According to him, a break above $61,000 could bring momentum back to the market, but in the meantime, the bearish trend could continue.
Greeksđ€ Live analysts also identify opportunities in the Bitfinex lending market at the end of September, highlighting an increase in Bitcoin long positions, indicating a possible bullish sentiment.
In addition, October historically presents itself as a more positive month for Bitcoin, with an average gain of 22.9% over the past few years. Analysts suggest accumulating Bitcoin during the September dip and considering taking profits in October or at the end of the year, if this trend continues.
Despite macroeconomic uncertainty in the US, "whales" đłđłhave increased their positions in Bitcoin, with large transactions reported recently, including a purchase of $19 million worth of BTC.
In short, although September has started with a dip, some experts see signs of a possible rebound for Bitcoin in the short term.
