PANews September 1 news, according to CoinDesk data, September has historically been one of the weakest months for Bitcoin. Market data from the past 12 years shows that Bitcoin's average fall in September is about 6%, with a median fall of about 5%. In addition, MicroStrategy's Bitcoin premium is declining, reflecting market concerns about the crypto assets-dominated corporate financial strategies.
Nick Ruck from LVRG Research stated that this trend may exacerbate the seasonal weakness of Bitcoin in September, while also indicating that the crypto market is gradually maturing and investors are beginning to reassess long-term value drivers. Although expectations for a potential interest rate cut by the Federal Reserve may alleviate seasonal pressure, ETF outflows or stock market sell-offs could further suppress Bitcoin prices near the $100,000 support level. Data shows that since 2013, Bitcoin has experienced price declines in September 8 times, including significant drops of 13% in 2019 and 19% in 2014, making it difficult to sustain upward momentum even during bull market cycles. This seasonal pattern leads traders to view September as a fixed trading period.
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Analysis: Bitcoin's average fall in September is about 6%, and ETF fund outflows or stock market selling may lead BTC to around $100,000.
PANews September 1 news, according to CoinDesk data, September has historically been one of the weakest months for Bitcoin. Market data from the past 12 years shows that Bitcoin's average fall in September is about 6%, with a median fall of about 5%. In addition, MicroStrategy's Bitcoin premium is declining, reflecting market concerns about the crypto assets-dominated corporate financial strategies. Nick Ruck from LVRG Research stated that this trend may exacerbate the seasonal weakness of Bitcoin in September, while also indicating that the crypto market is gradually maturing and investors are beginning to reassess long-term value drivers. Although expectations for a potential interest rate cut by the Federal Reserve may alleviate seasonal pressure, ETF outflows or stock market sell-offs could further suppress Bitcoin prices near the $100,000 support level. Data shows that since 2013, Bitcoin has experienced price declines in September 8 times, including significant drops of 13% in 2019 and 19% in 2014, making it difficult to sustain upward momentum even during bull market cycles. This seasonal pattern leads traders to view September as a fixed trading period.