September Crypto Market Outlook: Will Bitcoin Finally Break the Trend?

As we are now in September, Traders and investors are waiting for the long-anticipated bull run. So, what can we expect from this month and how Bitcoin will perform?

Key Takeaways

• Market Sentiment: Bitcoin has seen an 8.8% drop, raising concerns about further declines if it breaks the $57,000-$58,000 range.
• Historical Trends: September has historically been a down month for Bitcoin, ending negatively 72.73% of the time over the past 11 years.
• U.S. Elections Impact: The upcoming U.S. elections could play a crucial role in Bitcoin’s performance, with speculation that a Trump victory could push Bitcoin prices higher.
• FED Monetary Policy: Anticipation of a possible rate cut by the FED in September could boost Bitcoin and other risk assets.
• Global Liquidity: There’s a positive trend in global liquidity, with the M2 money supply and stablecoin supply ratio showing signs of potential for a Bitcoin rally.
• BTC Miner Activity: Bitcoin miners’ selling pressure has decreased, indicating a potential stabilization of Bitcoin prices.
• Increased U.S. Demand: A rise in the Coinbase Premium suggests growing demand for Bitcoin among U.S. investors, typically a bullish signal.
• On-Chain Data: There has been no significant profit-taking in recent weeks, indicating the potential for