DESPITE SEASONALITY. BITCOIN WILL END ONE OF THE BEST SEPTEMBERS IN HISTORY
In less than September, the rate of the first cryptocurrency has grown by more than 10%. The dynamics contrast with the typical fall of 5.9% on average for this month.
The altcoin index has added over 20% due to the easing of financial conditions amid a global wave of rate cuts by the Fed, ECB and PBOC.
On September 27, buying interest was concentrated in meme tokens (+17.4%).
The coin of the Conflux project, associated with the “Chinese Ethereum”, looks better than the market (+13.4%).
HashKey OTC CEO Li Liang pointed to the improvement in financing rates as a sign of market recovery.
Orbit Markets co-founder Caroline Mauron predicted Bitcoin consolidation near $65,000 due to the expiration of a large number of options on September 27.
Kraken noted that the lack of consolidation above this resistance level could become an obstacle to the continuation of positive dynamics.
Earlier, QCP Capital noted the chances of cryptocurrency growth due to incentives in China.
Recall that according to the scenario of analyst PlanB, Bitcoin will rise in price to $70,000 in October, and by the end of the year the rate can reach $150,000.
