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Crypto Analyst Says The Bitcoin ‘Summer Chop’ Is Nearing Its End, Here’s Why

NewsBTC LogoNewsBTC21h ago

Crypto Analyst Says The Bitcoin ‘Summer Chop’ Is Nearing Its End, Here’s Why - NewsBTC

Quick Summary:

When The Summer Chop Might End Crypto analyst Crypto Jelle, comparing the number of days that previous summer chops have lasted, has come up with a likely timeline for when the Bitcoin price decline could come to an end.

If this chop-season lasts as long as the previous one, it will end around the start of October.#Bitcoin pic.twitter.com/dXYMVCbmM9 — Jelle (@CryptoJelleNL) September 4, 2024 Bitcoin Open Interest Flush Good For Price Another crypto analyst who has predicted a potential surge in the Bitcoin price is @CredibleCrypto on X (formerly Twitter).

Related Reading: XRP Price To $8: Analyst Says Repeat Of 2017 Could Drive Rally According to the post, the summer chop of 2023 actually lasted a total of 219 days, or approximately seven months.


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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-09-05 @ 10:30:33 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 64 lines

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Copyright Owner: © NewsBTC

News ID: 22377931

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