Analysis: 'BTC Projected to Close at $55,000 by September'
CryptoNewsTerminal Staff02 Sep, 2024
Analysis: 'BTC Projected to Close at $55,000 by September'
CryptoQuant senior analyst Julio Moreno took to Twitter to share the results of simulating Bitcoin's September price action, and the results suggest the monthly close will likely settle in the $55,000 area, with most of the price action taking place between $44,000 and $66,000. The analysis takes into account only the daily returns during the month of September and does not consider any external factors that could impact the price of Bitcoin, such as news events or regulatory changes. It's important to note that this is just one analysis and should not be taken as financial advice. The cryptocurrency market is volatile and can change rapidly. Investors should always do their research and consult with a financial advisor before making any investment decisions.
