Rekt Capital: Bitcoin price is expected to rise in September
Anonymous cryptocurrency trader Rekt Capital posted on platform X, predicting that the price of Bitcoin will rise in September. Rekt explained that although Bitcoin failed to break through the accumulation period after falling by half during the April market within 100 days - a period where buyers accumulate in anticipation of further price increases - such breakthroughs are "always somewhat unlikely". Some traders believe that it is more likely for Bitcoin to surpass $100,000 in 2025 rather than as some people predict in 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Swedish payment giant Klarna's first stablecoin, KlarnaUSD, has been launched ahead of schedule
Bitcoin OG opens 5x ETH short position worth $15.04 million
Current mainstream CEX and DEX funding rates indicate the market remains broadly bearish
The Crypto Fear Index rises to 28, escaping the "Extreme Fear" zone
Trending news
MoreCrypto prices
More
