Bitcoin (BTC) has historically seen a bullish reversal in the month of September. The weekly chart for BTC/USD shows that during its entire trading history on Coinbase, Bitcoin (BTC) has started a rally in September every single time. As Bitcoin (BTC) has already been through a correction, we should see three more of similar September rallies before the next correction. Between September 2015 and September 2016, Bitcoin (BTC) rallied but not as vigorously as during the rally that followed it.
It does seem like investors have been losing interest in Bitcoin (BTC). The search volume for Bitcoin (BTC) and cryptocurrencies have been on a constant decline since the beginning of the correction. This has convinced many in the crypto community that investors have lost interest for now and that it will probably take a long time for money to return back to the market. All of this sounds reasonable when you consider how the average mainstream investor would react.
Bitcoin price fell 23% into Friday as a broad shakedown of markets saw every cryptoasset in the top 100 sustain major losses.
Stop Me If You’ve Heard This One Before…
Repeating what has become a familiar cycle for holders this year, BTC shaved $ 6000 off its USD value to trade at an average $ 13,240 across major exchanges.
In the top 10 assets by market cap, Bitcoin Cash fared worse, its 34% crash the largest of the Bitcoin forks.
On today’s episode of The Cryptoverse some superstar member of the Bitcoin community photo opped the federal reserve on live TV and for that I’ll be sending them a 0 Bitcoin tip live on the air.
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List of US exchanges 1:35
The fed video 2:25
Today’s lesson 9:37
How to support me 10:56
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