Bitcoin Above $64,000 Could 'Buck its Historical September Weakness' and Soar to New Heights, Analysts Say

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Decrypt 1w ago

Bitcoin Above $64,000 Could 'Buck its Historical September Weakness' and Soar to New Heights, Analysts Say - Decrypt

Quick Summary:

Favorable tailwinds for Bitcoin include the outcome of the U.S.presidential election in November and interest rate cuts next month.

That means the market could see traders borrowing funds to increase their investment, betting that the price of the asset will rise.

Bitcoin's price clinched a three-week high on Friday, extending gains into the weekend, as traders remained optimistic over several tailwinds expected in the coming months.That includes the U.S.