COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Faces Uncertain September as Analysts Predict a Challenging Month Ahead
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin Faces Uncertain September as Analysts Predict a Challenging Month Ahead
Bitcoin (BTC)

Bitcoin Faces Uncertain September as Analysts Predict a Challenging Month Ahead

In Brief

  • As September approaches, Bitcoin (BTC) continues to consolidate and struggles to initiate a crypto rally. Market analysts have painted a troubling picture for Bitcoin’s expectations in September based on historical examples.ContentsBitcoin Price Predictions for SeptemberBitcoin’s Bearish Trend In particular, cryptocurrency trader and analyst Michaël van de Poppe highlighted in a recent tweet on September 7th […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

As September approaches, Bitcoin (BTC) continues to consolidate and struggles to initiate a crypto rally. Market analysts have painted a troubling picture for Bitcoin’s expectations in September based on historical examples.

Contents
Bitcoin Price Predictions for SeptemberBitcoin’s Bearish Trend

In particular, cryptocurrency trader and analyst Michaël van de Poppe highlighted in a recent tweet on September 7th that Bitcoin is potentially facing a turbulent month, referring to it as a “bearish month”.

Bitcoin Price Predictions for September

Van de Poppe’s overall assessment emphasized that Bitcoin is currently fighting to maintain its value above $25,000 and stated:

Bitcoin is currently holding onto a significant support level. This support is around the $25,500 barrier. Meanwhile, we are facing a bearish month. September. Bitcoin is facing a crucial support level that it needs to hold onto, as it is currently standing above the 200 Weekly Moving Average (MA).

Analyzing the historical and cyclical aspects of the cryptocurrency markets, Poppe highlighted some possible trends that could emerge. Poppe observed that August and September tend to be volatile months for Bitcoin before halving events. This pattern has remained consistent over the years, suggesting a cyclical nature in Bitcoin’s performance.

He pointed out that in August 2015, Bitcoin experienced a significant correction by dropping towards the 200-day Exponential Moving Average (EMA). However, it was noteworthy that Bitcoin never closed below this level, indicating flexibility in the cryptocurrency.

Similarly, in 2019, Bitcoin faced significant challenges with a correction in August followed by a smaller drop in November of the same year. This pattern indicates the potential for long-term fluctuations in the cryptocurrency market.

Poppe drew a striking comparison between the current market and the 2015 cycle. Considering the influx of new participants, especially institutional investors, he noted that there could be correlations with the 2015 cycle.

While technical analysis focused on the price movements in 2019 does not provide a clear picture of Bitcoin’s future, the parallels established with the 2015 cycle indicate the need for caution among investors. The increasing involvement of institutional players adds an additional layer of complexity to predicting Bitcoin’s price movements. This has been highlighted by the potential approval of the Bitcoin Exchange Traded Fund (ETF), which is expected to further increase institutional participation in the cryptocurrency arena.

Bitcoin’s Bearish Trend

Senior technical analyst at Kitco News, Jim Wyckoff, mentioned that despite the efforts of bulls to stabilize the price, bears still maintain the upper hand in Bitcoin’s market. He emphasized that Bitcoin remains vulnerable to a long-term price decline.

Bitcoin futures prices for September once again showed a slight decrease in early trading in the US. There is nothing new towards the end of this week. Bulls are working to balance the prices, but bears still generally have a short-term technical advantage. The daily chart still shows a downtrend line, indicating lower price movements in the near term.

Currently, Bitcoin is trading at $25,873 and is struggling to surpass $26,000.

Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research before making any transactions.
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Coinbase Embraces Innovative Strategy by Managing Bitcoin Holdings Differently

Arthur Hayes Predicts Bitcoin’s Meteoric Rise as Money Supply Soars

Steak ‘n Shake Embraces Bitcoin for Nationwide Payments

Bitcoin Gains Traction in Times of Economic Turmoil

Bitcoin Climbs Over Ichimoku: Will Other Cryptos Follow its Lead?

COINTURK NEWS 9 September, 2023 - 8:35 pm 9 September, 2023 - 8:35 pm
Share This Article
Facebook Twitter
Share
Previous Article Security Concerns in the Cryptocurrency Ecosystem: Pepe Coin’s Telegram Account Hacked
Next Article Is the Crypto Currency that Increased by 1,000,000% in 3 Months Coming to an End?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Solana Price Targets $510 as It Nears Critical Resistance
Solana (SOL)
Diplomatic Winds Boost Cryptocurrency Surge as Bitcoin and Ethereum Soar
Cryptocurrency News
Brazil Embraces Bitcoin: Belo Horizonte Leads the Digital Finance Charge
Bitcoin News
Gemini Conquers Europe with Strategic Derivative Offerings
Cryptocurrency Exchanges
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?