Expectations for Bitcoin’s Price Movements in September

As September approaches, Bitcoin enthusiasts are anticipating price increases, yet there remains skepticism about whether the cryptocurrency will achieve the coveted $100,000 threshold by the end of this year.

September Breakout Anticipation

Bitcoin traders are optimistic about a price surge this September, but confidence in reaching the six-figure mark has declined.

Prominent crypto influencer Rekt Capital expressed to their followers that a significant breakout for Bitcoin is still possible this month. However, they acknowledged that recent months have not shown the anticipated momentum.

Despite the lackluster performance, Bitcoin traded only slightly higher after the halving in April, with minimal increases noted around 100 days post-event.

Current Market Data

As of now, Bitcoin’s trading price stands at approximately $66,283, showing a 2.11% increase at its highest, which is fairly close to recent values.

Future Projections: $100,000 in 2025?

Several analysts are now suggesting that a breach of the $100,000 mark is more likely to occur in 2025 rather than later this year.

Daan Crypto Trades voiced their outlook, indicating a positive long-term view for Bitcoin’s performance, aligning with findings from Reflexivity Research, which highlighted promising trends in Bitcoin’s quarterly charts.

He further elaborated on the historical context, noting that reaching $100,000 represents only a moderate increase from previous peaks when adjusted for inflation.

“We peaked at $69K last cycle, and $100K would not be a drastic leap. Considering the current economic climate, I believe $100K is a logical target for 2025.”

Short-Term Price Ranges

In the immediate term, Daan Crypto Trades is looking at the price range of $70,000 to $74,000, which has faced resistance recently. They anticipate prices may increase rapidly if Bitcoin can surpass this level.

Mati Greenspan, founder of Quantum Economics, noted a trading range between $55,000 and $73,000 that has been established since March. He acknowledges that the current price action is testing the upper boundaries of this range.

Greenspan also emphasized that external factors, including high-profile endorsements, may contribute positively to Bitcoin’s price trajectory.

Disclaimer: This content is for informational purposes only and should not be construed as investment advice. Always conduct your own research before making investment decisions.