Bitcoin Price Set for Late September Breakout – Analyst Points to Historical Patterns
Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...
Bitcoin’s price is poised for a potential breakout in late September 2024, according to analyst Rekt Capital, who highlights historical patterns that suggest such movements typically occur 150-160 days after a halving event.
However, with September historically showing average returns of -4.48%, the possibility of consolidation remains.
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History suggests that Bitcoin tends to breakout 150-160 days after the Halving
That would mean Bitcoin would breakout from its ReAccumulation Range in late September 2024
That being said, Average Historical Monthly Returns for September are -4.48%, with highest ever… pic.twitter.com/EnEsc8M8O8
October, known for stronger performance with an average return of +22.9%, might be the month when Bitcoin truly takes off. Investors should watch closely as these patterns unfold.
The British Columbia Supreme Court has ruled that Daniel Tambosso must repay $1.2 million for a 22 BTC loan taken from Hung Nguyen in September 2020. This decision marks a significant moment in the legal recognition of cryptocurrency disputes, highlighting the growing acceptance of digital assets within the legal system.
Recent court rulings, including this one, are helping to establish cryptocurrencies as legitimate assets, which may bolster investor confidence. However, the impact on Bitcoin’s price has been mixed, as legal decisions often introduce short-term uncertainty in the market.
CANADIAN COURT ORDERS $1.2M REPAYMENT IN BITCOIN LOAN CASE
A court in British Columbia has ruled that Daniel Tambosso must repay Hung Nguyen
