Will the September Bitcoin crash happen again? Analysts' forward-looking predictions
September is a historically volatile month for Bitcoin (BTC), which typically results in monthly losses. Analysts expect that if average losses occur this month, BTC could fall to around $55,000.
Rekt Capital traders pointed out that there is a 54% chance of a single-digit decline in Bitcoin in September, while there is a 27% chance of a single-digit rise. Bitfinex analysts added that the average return rate was 4.78%, and the typical peak-to-trough decline was 24.6%, which was mainly caused by the end of the "summer trading off season."
However, analysts also said that there is another layer of factors in the dynamics of September this year, that is, the Federal Reserve's interest rate cut. This may increase market volatility, causing the Bitcoin price to fall by 20% or even to $45,000. But Bitfinex analysts emphasized that this is just speculation on the changing macroeconomic conditions.
In general, considering Bitcoin's historical performance in September, as well as potential macroeconomic factors, industry insiders generally believe that Bitcoin may still experience significant fluctuations and declines in September. But the specific trend still needs further observation.
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