As September unfolds, Bitcoin (BTC) remains entrenched in consolidation, with the maiden crypto struggling to stage a rally. Along these lines, market analysts are painting a somber picture of Bitcoin’s prospects in September, drawing from historical patterns.
Notably, cryptocurrency trading expert and analyst Michaël van de Poppe, in an X (formerly Twitter) post on September 7, pointed out that Bitcoin confronts a potentially turbulent month ahead, characterizing it as a ‘month of destruction.’
His overview comes as the flagship cryptocurrency finds itself grappling to sustain a valuation above $25,000.
“Bitcoin is currently holding onto a significant level of support. It’s around the $25,500 barrier. In the meantime, we’re facing a month of destruction. September. <…> Bitcoin faces a crucial support level it should be holding onto, as it’s currently resting on the 200-Week MA,” he said.
Bitcoin price analysis chart. Source: TradingView
Bitcoin September prosp
We współpracy z: https://finbold.com/bitcoin-september-month-of-destruction-looms-for-btc/
