Bitcoin braces for strongest September in history
With only seven days left until the end of the month, this could be the most bullish September in terms of Bitcoin (BTC) price since the inception of the maiden cryptocurrency, particularly as it mimics last year’s moves despite traditionally trading in the red during this time. Specifically, Bitcoin has been moving very similarly to September 2023, including its higher lows laboring up toward the key level, and pushing beyond it could send BTC to a new all-time high (ATH) soon, according to the observations shared by crypto analyst Jelle in an X post on September 23. Bitcoin price performance analysis and prediction. Source: Jelle As it happens, Bitcoin is trading well above its support zone at $52,000 (the first higher low) and $54,000 (the second higher low), where the price bounced off while moving towards the resistance level at $68,000 to $70,000, in similar price action t0 September 2023, when such structure led to a breakout above $28,000. ...