The post BTC Price Analysis: What Does the ‘Worst Period of the Year’ Hold for Bitcoin? appeared first on Coinpedia Fintech News

Bitcoin enthusiasts might be on edge, especially with prominent crypto analyst Michael van de Poppe raising alarms over the recent market fluctuations. He’s highlighted the rocky terrain Bitcoin seems to be treading, especially with its value dipping below crucial benchmarks.

We’ve broken down everything you, the investor, needs to know. Read on!

Bitcoin’s Vulnerable Stance in September

Van de Poppe firmly believes that September has historically been a tough month for Bitcoin. He points out that the last time Bitcoin had a positive month was way back in 2016 and 2015. Following those years, Bitcoin typically experienced losses ranging from 5% to 8% every September. Given this historical trend, he predicts that the price may drop further, possibly reaching levels between $23,000 to $24,000, lurking beneath the 200-week EMA.