Bitcoin Price Outlook: September Crash and Market Uncertainty
As August comes to an end, Bitcoin’s price remains weak and traders brace for more pain. September is historically a poorly-performing month for Bitcoin, and with the monthly close approaching, another downside surprise may be in store. The market outlook is uncertain, with no rebound in sight. This article analyzes the main talking points for the week ahead and discusses the potential for a further drop in Bitcoin’s price. Additionally, it highlights the longest bear market in Bitcoin’s history and the lack of market response to positive news events. The article also mentions the upcoming release of Personal Consumption Expenditures (PCE) data, which could impact the market. Despite the market uncertainty, there is optimism around Bitcoin miners, as the hash rate reaches record levels, indicating a miner bull run leading up to the next halving.
Read the original HERE
