#Opinion

🪙 #Cointelegraph believes that #Bitcoin will drop to $60,000 again

Factors that may influence this price movement include the dominance of short positions (51% of all positions), potential liquidations exceeding $300 million in the $63,000 - $60,000 range, the increase in exchange reserves, and market seasonality.

📉 Historically, the third quarter is the weakest for the industry, with August and September performing particularly poorly.

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🪙 #Bitcoin has fallen below the key level of $60,000 — let's figure out what's going on

Last night, #BTC tested a local low at $57,910. This happened due to several factors:

🔽 Over the past 24 hours, more than $287 million in long positions were liquidated

🕯 Interest in BTC futures has dropped by 7%

📉 Bitcoin address activity has fallen to a two-month low

It is likely that market participants are preparing for September, which historically has been unfavorable for cryptocurrencies. Over the last 11 years, 72.73% of the time, the first month of the fall ended with a decline in prices.

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#CryptoNews

🪙 Summer is over, so it’s time to remember how #Bitcoin performed in September over the past 10 years:

🔼 2023: +3.91%

🔽 2022: -3.12%

🔽 2021: -7.03%

🔽 2020: -7.51%

🔽 2019: -13.38%

🔽 2018: -5.58%

🔽 2017: -7.44%

🔼 2016: +6%

🔼 2015: +2.36%

🔽 2014: -19%

🔽 2013: -1.76%

Do you think #BTC will close this September in the green or the red?

#BackInTheDay

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#Opinion

📉 Max Keiser believes that the dollar could collapse within six months

According to the analyst, the growing U.S. national debt could threaten the world's most popular currency.

🪙 As an alternative to the unsafe dollar, Max sees cryptocurrency, but not all of it—only #Bitcoin. He considers other coins to be exposed to unjustified risks, such as #TON, which dumped 20% following the arrest of Pavel Durov.

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🐳 Whales are Buying Up #Bitcoin Amid Investor Panic

At the moment, most retail investors are selling their #BTC at a loss, fearing a further decline, which puts pressure on the digital gold’s price. Meanwhile, whales are actively accumulating coins. In the last 30 days alone, they have acquired over 133,000 BTC, worth around $7.6 billion.

At the same time, conservative market participants, such as JPMorgan, do not see potential for cryptocurrency growth, even considering the possible rate cuts on September 18.

🔥 — We will soar in Q4
🌚 — We’re not going anywhere, time to sell
🗿 — We'll soar right after I sell

#CryptoNews

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🔽 #Bitcoin Drops Amid Sell-Off in U.S. Stock Markets

Today, the price of #BTC fell below $57,000. The decline happened in two phases: first, due to uncertainty about further growth driven by negative performance of U.S. company stocks, and then because of the weakness in Asian markets.

The market decline is also linked to weak business activity data for August. Altcoins in the top 100 are showing an average drop of 10%, and the liquidation volume reached around $200 million.

#CryptoNews

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#Analysis #BTC

🪙 #Bitcoin continues its decline and is trying to hold at the support level of $57,000. The main reason for the price drop is the outflow of funds from spot #Bitcoin-#ETFs, which amounted to $37 million.

Meanwhile, experts from Outlier Ventures have calculated that we are currently witnessing the worst performance of "digital gold" post-halving. The previously observed fundamental pattern of the four-year cycle is breaking down, and after 125 days, we see a decline of about 8%.

🕯 In previous cycles, Bitcoin showed growth: 739% in 2012, 10% in 2016, and 22% in 2020.

Bitfinex also provides negative forecasts, suggesting that after a Fed rate cut, instead of a market rally, we might see an even greater decline—down to $40,000 per BTC if a bearish scenario unfolds.

Still believe in Bitcoin?… 😢

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🧭 The Fear and Greed Index has dropped to 22 — indicating extreme fear

Meanwhile, the volume of Google searches for keywords like #bitcoin, #crypto, and #cryptocurrency has fallen to the level of October last year. This indicator is quite important for predicting market trends. For example, the peak of search queries occurred from March 3 to 9 this year, right before #BTC reached its new ATH.

#CryptoNews

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#Opinion

🪙 Analysts from #Bernstein are predicting Bitcoin's value depending on the outcome of the presidential election:

📈 If Donald Trump wins, #Bitcoin could reach $90,000.

📉 If Kamala Harris wins, the price of digital gold could drop to $30,000–$40,000.

At #Ripple, it seems they believe that if Harris wins, #XRP will go against the market trend 🤓

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#Analysis #BTC

🪙 #Bitcoin has held above $53,000 and yesterday tested the $58,000 level. On the 4-hour chart, the RSI indicator points to a potential trend reversal

📈 All this signals that a breakout of the $59,000 resistance level is possible, with bulls taking control of the market.

The case for growth is also supported by the fact that inflows into #BTC-#ETF on Monday amounted to around $28.5 million after an 8-day period of outflows.

⚠️ However, it’s important to remember that only a third of September — historically the most negative month for cryptocurrencies — has passed, so caution is advised.

this is not financial advice

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🥴 Literally #HotPicsFromX:

OnlyFans model Abigail Joy admitted on Twitter that she’s investing all her money into #Bitcoin.

We don't want to scare anyone, but there was a great scene in *The Big Short* where it showed that in 2008, the markets crashed after strippers started massively buying real estate, following the trend 🍑

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📈 The Market Rose Ahead of the Debates

Yesterday, #Bitcoin rose to the level of $58,000. According to analysts, this was influenced by the upcoming debates between Donald Trump and Kamala Harris, which ultimately took place without mentioning cryptocurrencies, as well as the anticipated release of the US Consumer Price Index (CPI) data with a projected value of 2.6%, which could be the lowest level in the last three years.

However, market experts note the possibility of Bitcoin dropping to $50,000 after the publication of the Consumer Price Index, as historical data shows that after the release of the CPI, #BTC often went into a correction 🔽

#CryptoNews

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⚡️ The U.S. Consumer Price Index came in below expectations

The CPI data published yesterday showed a value of 2.5% versus the expected 2.6% and the previous figure of 2.9%, which is undoubtedly seen as a positive long-term catalyst.

🪙 However, in the short term, #Bitcoin reacted by dropping to $55,500, but has already recovered and returned to its previous range of $57,000–$58,000.

The market is now awaiting the Fed's meeting on September 18. The probability of a rate cut is estimated at 85% for 25 basis points and 15% for 50 basis points.

#CryptoNews

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over Altcoins) — 57.98%. This is the highest level since 2021.

🧭 Fear and Greed Index — 39

🇺🇸 18.09 21:00 USD — Federal Reserve interest rate decision. Forecast — 5.25%; previous value — 5.5%

🇺🇸 19.09 15:30 USD — Initial jobless claims. Forecast — 232k; previous value — 230k

📉 #Bitcoin starts the week with a drop below $60,000, testing the $58,100 level. Altcoins show a decline of 3-8%. The negative trend is driven by market uncertainty over the potential reduction of interest rates in the US.

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🪙 Bhutan, along with El Salvador, are the only countries whose #Bitcoin balance has been increased solely through purchases or mining, without freezing or confiscating others' assets.

#NumberOfTheDay

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📈 #Bitcoin is rising

At the moment, #BTC is attempting to consolidate at the $60,000 level, and altcoins from the top 100 are also showing price growth.

The reason for the positive trend is the new ATH of the S&P 500 index (#SPX).

#CryptoNews

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🕯 #BlackRock in a new report called #BTC a unique asset for diversification

The #Bitcoin-#ETF is positioned as a hedging tool against fiscal, monetary, and geopolitical risks. The key point is the irregular correlation of #BTC with the U.S. stock market and the resilience of digital gold to market fluctuations caused by panic.

📈 Notably, the report also includes a section titled "Bitcoin’s Path to a $1 Trillion Market Capitalization."

#CryptoNews

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