Best Crypto to Buy Now September 27 – Notcoin, Bonk, Pepe
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
In wake of Bitcoin (BTC) hitting two-month highs on Friday above $66,000, and looking to have convincingly broken back above its 200DMA and snapped its recent multi-month downtrend, traders are assessing what might be the best crypto to buy now ahead of what could be a very bullish October.
September is normally one of the worst months of the year for major cryptos.
But Bitcoin is set to end the month up nearly 12%, setting up the prospect of an even stronger October, which is already the strongest month of the year for Bitcoin.
The impressive rally comes in wake of the Fed kicking off a new monetary policy easing cycle with a 50bps rate cut last week, and other major global central banks like China’s PBoC following suit.
Markets are expecting significant Fed interest rate easing in the coming years which investors are hoping will keep the US economy out of recession.
Weaker than expected US inflation data on Friday only fed into that narrative, helping push BTC above $66,000.
A positive macro backdrop, the alleviation of US election uncertainty in November and the delayed bullish impact of the April BTC halving could all kick in together to power Bitcoin to fresh record highs in Q4, with a charge towards $100,000 possible.
Bitcoin could make a parabolic move soon.
Here's why:
Historically, the average return for Bitcoin in Q4 is 88%.
If we see an 88% gain in Q4, it would take Bitcoin close to $120,000.
Even if we get a 55% move upward (like we saw last year), it could take Bitcoin to $100,000.… pic.twitter.com/oVYMAntGA3
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