Ramazan Eles 
CryptoQuant analyst Julio Moreno has predicted that Bitcoin’s closing price for September will be around $55,000.
Historically, September is known as a bearish month for Bitcoin, and this year seems to be following that trend. After starting the month on a downward trajectory, BTC fell to around $57,000 but has since recovered slightly, climbing back above $59,000 in the past 24 hours.
Investors remain cautious, concerned that Bitcoin may experience a more significant drop given the historical patterns of September. However, CryptoQuant analyst Julio Moreno has projected that Bitcoin’s closing price for the month will be $55,000.
In a post on his X account, Moreno shared that he conducted a price analysis for Bitcoin in September, simulating the price movement by factoring in historical daily returns throughout the month.
Based on his simulation, Moreno stated that the end-of-month closing price is expected to be $55,000.
He also noted that Bitcoin’s price could fluctuate between $44,000 and $66,000 during the month.
“I simulated Bitcoin’s price for September. On average, it will be slightly lower, ending the month at $55,000. Most of the price movement is expected to be within the $44,000 to $66,000 range. These simulations only consider historical daily returns for the month of September.”
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