Bitcoin (Bitcoin) Fell below $42,000 on September 28, as the largest cryptocurrency exacerbated overnight losses.
BTC bulls lose momentum with $44,000
Data from Cointelegraph Markets Pro with Transaction view It shows that BTC/USD reached a local low of 41,670 USD on Bitstamp.
The decline after a loss of $1,000 per hour late on Monday firmly prevented any bullish hope for the weekend high of $44,400.
The market is generally expected to improve. As Cointelegraph Report, Analysts have regarded even lower than $40,000 as a potential bottom line.
On Monday, a trader also refused to believe that Bitcoin is entering the new week’s strength, believing that the level of more than $44,000 was only to grab liquidity before it fell again.
The shorts in the later period may be washed out before the next round. If a bullish market structure is established from there, then Idea is invalid above 45.2k. pic.twitter.com/9ofwkkD8lP
— Cevo (@cryptocevo) September 26, 2021
There are still two days before the monthly close, and at the same time, attention is focused on $43,000 because “The worst situation”BTC/USD will end in September.
PlanB, analyst Correct prediction The “worst-case scenario” of USD 47,000 in August is also expected to close at USD 63,000 in October.
Trader — “Betting wisely” on the fourth quarter rebound
He is not alone. More and more market participants firmly believe that the fourth quarter will form a turning point in the Bitcoin bull market.
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Among them are popular traders Technology development, He believes that historical precedents alone need to trust the new BTC price soaring.
“Investment is a game of probability,” he summarized a chart showing Bitcoin in 2013 and 2021.
“When history proved prophetic in the first three quarters, I think it is wise to bet in the fourth quarter.”
