• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin's September Price Targets: Analysts' Predictions

user avatar

by Giorgi Kostiuk

a year ago


  1. Bitcoin September Price Target
  2. Bitcoin is About to Hit Bottom
  3. Conclusion

  4. The selling wave continues as new lows are sought. Altcoins have returned to levels not seen for several weeks. Cryptocurrency investors were not very hopeful for September, and they were right. So, what are the analysts’ targets for this month?

    Bitcoin September Price Target

    The analyst known as Daan Crypto Trades considers the recent decline normal after the rejection from the 200EMA level. Weekends are low-volume periods for cryptocurrencies, which sets the stage for deeper lows. With 11 days left until the Fed meeting, the crypto analyst wrote:

    "Bitcoin is rejecting the Daily 200EMA and trading below the April “War FUD” lows. 56,500 dollars and the daily 200EMA are key levels that need to be reclaimed by the bulls to change something at some point. The next level below is the 52K-53K levels where the price previously closed above."

    If closures occur below 53,000 dollars, it will open the door to deeper lows. NASDAQ100 experienced its biggest weekly loss since November 2022. The high-volume sales in stocks are similar to previous periods when the Fed started cutting interest rates.

    Bitcoin is About to Hit Bottom

    At least, Bob Loukas thinks so. In a chart he published a few minutes ago, he said we could see a turnaround from the bottom soon. Thus, we could see a new attempt at the 65,000 dollar level that couldn’t be surpassed. The analyst, who sees previous downturns as intermediate cycles, expects the 63-day movement to reverse now.

    "It’s the 63rd day of the downturn intermediate cycle, so we should look for the bottom here very soon. There is no large selling volume as it retests this area for the 3rd time. After a good bounce at the end of September (in the mid-term), what happens next has become a more important question."

    Conclusion

    Analysts' expectations for Bitcoin’s price targets in September highlight the significance of current levels for the cryptocurrency’s future movement. While some foresee deeper lows, others predict a reversal and potential growth. The next few weeks and months will be crucial for Bitcoin as market conditions and Fed actions will play a vital role in its trajectory.

    Analysts' profound predictions underscore the importance of current levels for Bitcoin's future developments. Upcoming weeks and Fed actions will be significant for the cryptocurrency's future.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Investment Funds Face Continued Outflows Amid Market Slowdown

chest

Crypto investment funds have faced a fifth consecutive week of net outflows, totaling approximately $4 billion over five weeks, with a significant decline in trading activity.

user avatarAyman Ben Youssef

Blockchain Association Unveils New Tax Principles for Digital Assets

chest

The Blockchain Association has introduced a framework to guide lawmakers on digital asset taxation as discussions around the CLARITY Act continue.

user avatarSon Min-ho

Market Leverage Ratio Declines, Indicating Reduced Speculative Positioning

chest

The Estimated Leverage Ratio in the crypto derivatives market has sharply declined, suggesting a reduction in speculative positioning and a calmer market environment.

user avatarTando Nkube

Castle Labs Warns of Overbuilt Crypto Market

chest

Castle Labs warns that the cryptocurrency market is overbuilt, with most tokens likely to lose value unless they demonstrate real business traction.

user avatarKofi Adjeman

Bitcoin Mining Difficulty Rebounds, Indicating Network Resilience

chest

Bitcoin mining difficulty has rebounded after a brief dip, indicating renewed miner participation and confidence in Bitcoin's long-term viability.

user avatarNguyen Van Long

Jameson Lopp Raises Alarm Over BIP110's Risks

chest

Jameson Lopp escalates his criticism of the BIP110 proposal, warning it could lead to a disruptive Bitcoin chain split.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.