The post Bitcoin (BTC) Price Might Drop To $23K In Coming Week If This Happens appeared first on Coinpedia Fintech News
In the opening hours of September, Bitcoin, the largest cryptocurrency by market capitalization, faced a 4.60% drop, falling to $25,998. All major cryptocurrencies experienced losses of up to 7% on the first day of the month. Crypto liquidations in the past 24 hours reached $129 million.
Start of Bearish September
If you talk about historical trends, September hasn’t been bearish for Bitcoin and other assets, with six consecutive years of negative returns since 2016. However, past performance may not accurately predict current trends, so Bitcoin’s September trajectory remains uncertain. Traders should monitor potential positive catalysts that could influence Bitcoin’s price in the coming weeks.
We just retraced the entire Grayscale price pump.Bitcoin is right back to where it was on Monday.Fun week pic.twitter.com/4f4ArVq4Yp
— Lark Davis (@TheCryptoLark) A
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