Bitcoin September Blues: Will The Top Crypto Defy Historical Downtrends?

Quick Summary:

Bitcoin historically tends to have a tough time during the month of September, as quite often it delivers negative returns to traders.

Despite the gloomy trend, the current forecast of BTC price is surprisingly rosy, anticipating it to rise 30% by October 1, 2024.

Some analysts make sure to note that ETF outflows are always a lagging indicator, as bearish mood after major news events usually reflects later on.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets: Hungary

Topics: September Bitcoin Bitcoin ETF Btc Crypto News Btcusd Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 09:00:13 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22329701

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 3 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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