- Bitcoin’s bullish sideways movement spur positive sentiment towards a bullish September.
- If Bitcoin closes over $59,000 in September an even more bullish Q4 is expected.
- Analyst says Q4 should be promising no matter a bearish or bullish close for BTC.
Bitcoin (BTC) is back up over the $63,000 price level and sentiments are high since BTC price hit $64,000. With the end of September nearing analysts debate over the possibilities of what it could mean if September ended with a positive bullish green target. The activity of September is often crucial for Bitcoin Halving years.
Implications of a Bullish vs Bearing September Close
In detail, most Bitcoin Halving years see a bullish Q4 after a low August and September. However, the years that saw September close with bullish indicators have led to an even more bullish Q4 than low September years. So far, September sees Bitcoin price up by 6%, could this lead stay steady taking us into an even more bullish Q4?
If history were to repeat itself, this would take Bitcoin (BTC) price towards setting incredibly high ATHs like most analysts are expecting. These predictions take BTC’s new ATH prices to between $116,000 to $220,000 in the peak of the bull run phase of the ongoing crypto bull cycle.
Q4 Looks Promising Despite Either Outcome in September
Adding on to this sentiment, the post above explains that if the month of September closes with BTC price above $59,000 then a bullish end of the year becomes highly likely. Despite this hopeful outcome, the post adds that even with a red close 2017 and 2020 still say green Q4s once again reiterating that Q4 will likely be a bullish phase for the crypto market in 2024.
All in all, sentiments are high for the crypto market and the crypto community waits patiently for Q4 and what they hope to be the long-awaited start of altseason. Many altcoins are strongly showcasing bullish patterns that could soon lead to explosive altcoin gains.
The post Analysts Explore the Implications of a Bullish and Bearish Close for Bitcoin (BTC) in September appeared first on Crypto News Land.
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