Analyzing Bitcoin’s summer performance with a cautionary eye on September

2023-7-31 19:00

Quick Take

As July comes to a close, Bitcoin’s performance offers a nuanced view, closing the month with a slight dip of about 3.5%. This is the second month this year where Bitcoin has declined, but despite this, the cryptocurrency has seen a remarkable yearly increase of 77%,

Moving into the final month of summer, the future of Bitcoin appears mildly negative but largely stagnant. This steadiness is underscored by Bitcoin’s closely confined price movements over the past four weeks. There was virtually no change in its price on the 28th and 29th, while the 30th week experienced a modest drop of 2.66%.

Looking ahead, the month to monitor closely is September. In the past, this month has repeatedly witnessed a downturn for Bitcoin, with the last six Septembers recording declines.

This combination of recent stability and the traditional downward trend in September presents a complex scenario for investors and traders. They must adeptly understand and manage these dynamics when planning their investment strategies for the upcoming months.

BTC weekly Returns: (Source: Coinglass)

The post Analyzing Bitcoin’s summer performance with a cautionary eye on September appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 69867.81 (-0.13%)
Объем 24H $36.076b
Изменеия 24h: -1.51 %, 7d: 9.59 %
Cегодня L: $69321.3 - H: $70311.19
Капитализация $1376.525b Rank 1
Цена в час новости $ 29229.61 (139.03%)

bitcoin month summer performance september analyzing cautionary

bitcoin month → Результатов: 126


Фото:

Here’s Why Bitcoin Options Open Interest Has Surged 10x on the CME This Month

Bitcoin has seen immense volatility in recent times, and although most of this has favored buyers, the crypto has been unable to firmly surmount the $10,000 region It now appears that large traders are rushing to gain exposure to the cryptocurrency, as open interest for Bitcoin options on the CME has surged 10x this month alone This comes shortly after news of Paul Tudor Jones and other notable investors gaining upside exposure to BTC via […]

2020-5-16 21:00


Measuring the Rising Institutional Investment in Bitcoin (BTC) Despite Alleged Bitfinex-Tether Scandal

The past month has seen the cryptocurrency market boost in value as Bitcoin and other altcoins grew by double digits over the course of the month. However, the glory seemed short lived when the news on Bitfinex and Tether broke out as the prices halted the majestic rise seen hours before. The markets have since […]

2019-5-16 01:04