September is not a good month for Bitcoin - Says Rager

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Anonymous analyst With a Twitter handle “Equities market, in general, isn’t looking good right now so this dip on BTC is a reflection on that. September in general isn’t historically a great month.

The analyst predicts that bitcoin is now poised to trade in a wide range between $18,000 and will hit $48,000 in the next year or so.

Looking at Rager’s chart, Bitcoin declines nearly 6% on average in the month of September. BTC could trade sideways until April 2024 before launching a new uptrend en route to a fresh all-time high.