Bitcoin's September Price Targets: Analysts' Predictions

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI


  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Federal Reserve Pauses Interest Rate Hike for Upcoming FOMC Meeting

The Federal Reserve is not expected to raise interest rates at the upcoming FOMC meeting, as indicated by recent forecasts and comments from Fed officials.

user avatarMaria Fernandez

Citigroup Increases Price Targets for Bitcoin and Ethereum

Citigroup has raised its 12-month price targets for Bitcoin to $113,000 and for Ethereum to $3,028, citing stronger activity in crypto markets and ETF inflows.

user avatarGustavo Mendoza

TopNod Introduces Axil Pot APT for Enhanced Onchain Yield Management

TopNod has launched Axil Pot APT, a new onchain yield vault that allows users to earn an estimated 8% APY while maintaining instant liquidity.

user avatarRajesh Kumar

MEXC Expands Guardian Fund with Additional 1,000 BTC

MEXC has added another 1,000 BTC to its Guardian Fund, marking the second major allocation this year.

user avatarMiguel Rodriguez

HANetf and HSBC Launch First GBP EUR-Hedged Bitcoin Products

HANetf and HSBC have announced the launch of the first GBP EUR-hedged Bitcoin products, marking a significant development in the digital asset ecosystem.

user avatarLuis Flores

Goldman Sachs Integrates $100 Billion Treasury Fund with Crypto Institutional Frameworks

Goldman Sachs has announced the integration of its $100 billion Treasury Fund with crypto institutional frameworks, marking a significant development in the digital asset ecosystem.

user avatarArif Mukhtar

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.