The post Bitcoin Price Prediction For September 2023: Bullish or Bearish? What to Expect appeared first on Coinpedia Fintech News
Data analytics firm Glassnode’s co-founders share insights on Bitcoin’s potential performance in September, offering both optimism and caution. While Bitcoin’s momentum indicator suggests positive momentum, historical trends raise doubts about September’s price trajectory.
Glassnode’s co-founders Jan Happel and Yann Allemann highlight the importance of Bitcoin’s relative strength index (RSI), which shows bullish signals for September. However, they sound a warning that if Bitcoin’s value falls below $25,500, recovering ground could prove challenging.
September’s Outlook – Expect a Relief Rally, if?
Glassnode’s analysis draws parallels between August’s performance and a past memory from June 2022. The daily RSI sparks speculation about September’s course. Here questions arise about Bitcoin’s resilience below $25,500 and the chall
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