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Sujit Kumar
Sep 19, 2024
by Sujit Kumar

Bitcoin’s Strong September Hints at Bullish Year-End Surge

Bitcoin’s Strong September
Bitcoin (BTC) closed September on a high note, marking a green month and setting the stage for potential gains in the months ahead. Historically, when Bitcoin ends September in the green, the fourth quarter has often been a period of substantial growth. Crypto analyst Jelle points out that similar patterns were observed in 2015 and 2016, where Bitcoin surged by an average of 15% in the following months.

Building on Historical Momentum

In 2023, Bitcoin has followed this historical trend, already seeing a 40% increase so far. With October and November showing strong performance, the outlook for December is equally optimistic. The positive price movement aligns with Bitcoin's broader historical patterns, where a successful September often leads to continued growth through the end of the year.

Bullish Predictions: Bitcoin to Test $68K

Popular crypto trader Captain Faibik shares a bullish outlook, predicting that Bitcoin could soon test the $68,000 resistance level. After reclaiming the $60,000 mark, BTC’s upward momentum is fueled by rising institutional interest and long-term optimism surrounding the cryptocurrency. Currently, Bitcoin is trading around $62,152, reflecting a 3.6% rise in the last 24 hours, with a market cap of $1.22 trillion.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Bitcoin’s Strong September
Bitcoin’s Strong September Hints at Bullish Year-End Surge
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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