Here’s Who Has Been Driving The Bitcoin Price Recovery Above $65,000

Quick Summary:

Current State Of Bitcoin As noted by NewsBTC, September has always been a crucial month for Bitcoin’s price performance in the last quarter of the year.

Santiment’s data also shows that this accumulation trend gained significant momentum starting in mid-September just after the Fed reduced the base interest rate, indicating a renewed wave of confidence among these Bitcoin investors.

Interestingly, what looked to be a bearish month for Bitcoin in the first two weeks has now played out as a forerunner for a potential surge in the last quarter of 2024.  Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Btc price BTC news Btc Bitcoin Bitcoin news Bitcoin BTCUSDT Bitcoin price Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 17:00:06 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22753138

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 10 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #102

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