🌪️ Bitcoin trend in September: Analysts predict two possible directions
⏳ Bitcoin's trend in September is at a super critical moment and could go in two very different directions. The decline in August makes Bitcoin look a bit weak, but don't forget, we have just entered September, who knows what will happen next?
🤔 Analyst Titan of Crypto shared his views on social media X. He said that there could be two scenarios for Bitcoin in September. In the first case, Bitcoin could suddenly rebound and surprise everyone. In the second case, Bitcoin could continue to fall and then come back strongly later this year.
📈 Bullish expanding triangle trend? The analyst also mentioned that since the March high of $73,737, Bitcoin's trend looks like a bullish expanding triangle, which is a graphic trend that usually indicates an increase. Although there may be fluctuations in the short term, in the long run, Bitcoin is still likely to rebound.
🚀 Scenario 1: Big rebound
In the first case, Bitcoin may usher in a big price increase in September, breaking through the resistance level that has been blocking it for many months. If successful, Bitcoin could soar all the way to prepare for a record high. Analysts predict that Bitcoin could reach $150,000 by the first quarter of 2025.
📉 Scenario 2: Continue to fall
The second scenario is more cautious. Bitcoin may continue to fall, even below $50,000. If this really happens, Bitcoin may retest the August low of $49,800. But analysts also say that even if it falls, it will only be temporary, and Bitcoin is expected to rebound in the fourth quarter of 2024, with a target of $100,000.
💭 Which scenario do you prefer for the possible trend of Bitcoin in September? Or do you have any unique insights? Leave your opinions in the comment area!
