Bitcoin Statistically speaking, September was a poor month for the bitcoin market. Investor returns have been negative for the previous four September. The value of the largest cryptocurrency has dropped 20% since August 1. The technical analysis may point to a further fall in September as the trading session for today comes to a conclusion. Since 2017, September has generally been a poor month for Bitcoin. In the previous five years, the average monthly decline in the price of bitcoin was 8.5%. Crypto analysts, however, think that this year is different since fundamentals and on-chain activity have increased along with […]

Bitcoin Reading Time: 2 minutes Bitcoin is entering a discount zone not seen since March 2020 The reaction to the recent dip suggests that a 2019-style recovery may be playing out Historically speaking, this zone has been a great time to buy Bitcoin has entered a discount zone last seen during the March 2020 crash, suggesting that the time to come off the sidelines could be nigh. Only four times in its history has Bitcoin fallen below the ‘Bitcoin Investor Tool: 2-Year MA Multiplier’ line, with each occasion essentially encapsulating a bear market or crash bottom, signalling that Bitcoin is […]