Bitcoin's September Slump: Will It Bounce Back?
Bitcoin faces a tough September, and investors are worried. Past trends show the Bitcoin price predictions often turning negative this month. This raises questions about recovery, but let’s see if the September slump holds. Will the crypto bounce back? Navigating Bitcoin’s September Slump: Cryptocurrency Trends and Price Predictions Source – SkyNews September’s Historical Performance Bitcoin usually struggles in September. It drops an average of 6.56% in value. This trend makes cryptocurrency investors careful. “September is a historically negative month for Bitcoin, as data shows it has an average value depletion rate of 6.56%. Thus far this month, the investor sentiment around Bitcoin has been negative as the coin has traded between $49,000 and $66,000,” Innokenty Isers, Founder and CEO at Paybis, told BeInCrypto. Also Read: BRICS Bank President Says Ditching the US Dollar is a ‘Main Focus’ Current Market Conditions BTC’s price is under $60,000. It fell 7.5% la...