Bitcoin may close September with no notable losses or gains. This is more of a good news as it started the month with massive bearish predictions. This is owing to the fact that September is its worst-performing month.
One such prediction is that the coin may drop to levels it hasn’t in a while. This never came true as we observed that it saw a low of $18,157. Additionally, the apex coin saw more price increases than the downtrend.
Another claim was that it may end the month with losses of up to 9%. One reason for this claim is that on average, BTC loses 9.4% every September. As at the time of writing, the apex coin is down by more than 3% and may close at this value.
On the part of fundamentals, there were no strong fundamentals. Nonetheless, several news made rounds. One such news is from Microstrategy. The firm announced another massive purchase of BTC worth $6 million.
Another that made rounds was from LUNA founder, Do Kwon. South Korea moved to freeze bitcoin linked to him in their latest bid to bring to justice. Nonetheless, none of these news caused any effect to prices.
A closer look at the chart reveal more details of what transpired during the period under consideration.
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Source: https://coinfomania.com/september-dump-bitcoin-defies-all-bearish-predictions/