{"id":28361,"date":"2024-09-03T22:00:24","date_gmt":"2024-09-03T19:00:24","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=28361"},"modified":"2024-09-03T12:51:37","modified_gmt":"2024-09-03T09:51:37","slug":"analysis-that-might-disappoint-bitcoin-bulls","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/analysis-that-might-disappoint-bitcoin-bulls\/","title":{"rendered":"Analysis That Might Disappoint Bitcoin Bulls!"},"content":{"rendered":"<p>CryptoQuant analyst Julio Moreno has predicted that Bitcoin&#8217;s closing price for September will be around $55,000.<\/p>\n<p>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.<\/p>\n<p>Investors remain cautious, concerned that <a href=\"https:\/\/coinengineer.net\/blog\/latest-on-bitcoin-and-cryptocurrencies-september-3\/\">Bitcoin<\/a> may experience a more significant drop given the historical patterns of September. However, CryptoQuant analyst Julio Moreno has projected that Bitcoin&#8217;s closing price for the month will be $55,000.<\/p>\n<p>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.<\/p>\n<p>Based on his simulation, Moreno stated that the end-of-month closing price is expected to be $55,000.<\/p>\n<p>He also noted that Bitcoin&#8217;s price could fluctuate between $44,000 and $66,000 during the month.<\/p>\n<p>&#8220;I simulated Bitcoin&#8217;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.&#8221;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a> and update.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CryptoQuant analyst Julio Moreno has predicted that Bitcoin&#8217;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<\/p>\n","protected":false},"author":1,"featured_media":27052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,3939,4468,8391],"class_list":["post-28361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-cryptoquant","tag-however","tag-moreno"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Analysis That Might Disappoint Bitcoin Bulls! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/analysis-that-might-disappoint-bitcoin-bulls\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysis That Might Disappoint Bitcoin Bulls! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"CryptoQuant analyst Julio Moreno has predicted that Bitcoin&#8217;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\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/analysis-that-might-disappoint-bitcoin-bulls\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-03T19:00:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-03T09:51:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/08\/bitcoin-funding-rate.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/analysis-that-might-disappoint-bitcoin-bulls\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/analysis-that-might-disappoint-bitcoin-bulls\/\",\"name\":\"Analysis That Might Disappoint Bitcoin Bulls! 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- Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/analysis-that-might-disappoint-bitcoin-bulls\/","og_locale":"en_US","og_type":"article","og_title":"Analysis That Might Disappoint Bitcoin Bulls! - Coin Engineer","og_description":"CryptoQuant analyst Julio Moreno has predicted that Bitcoin&#8217;s closing price for September will be around $55,000. 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