Ramazan Eles 
Some Bitcoin (BTC) investors are optimistic that the typical September downturn won’t happen this time around.
Historically, September hasn’t been kind to Bitcoin, with the majority of previous years showing losses during this month. However, many investors believe that history might not repeat itself this year. While BTC’s cyclical patterns often point to a negative September, the market could be in for a surprise.
Ed Hindi, Chief Investment Officer at Tyr Capital, shared his thoughts with Cointelegraph, stating, “Although September is traditionally a weak month for BTC, a combination of a potential rate cut by the Federal Reserve and a strong U.S. economy might catch bears off guard.”
Experts Predict a New High for Bitcoin (BTC)
Crypto analyst Daan Crypto Trades pointed out that Bitcoin’s long-term price chart is showing signs of “higher highs and higher lows,” a bullish indicator that suggests buyers are gaining control over the market. He elaborated on his outlook by saying:
“I’m looking for BTC to strengthen and trade above $65,000. I believe the price structure is slowly shifting towards a bull market.”
This comes after crypto analyst Matthew Hyland observed Bitcoin’s decline below $58,000. In a video analysis released on August 30th, Hyland emphasized the importance of BTC breaking out from its current levels and reaching new highs to confirm the ongoing upward trend since August.
While BTC’s short-term outlook remains uncertain, the upcoming Federal Reserve interest rate decision and the U.S. presidential elections could provide the momentum Bitcoin needs. However, the flow of news in the crypto sector will play a crucial role in shaping the market’s direction during this period.
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