Bitcoin is set to move upward in September, but traders are now less confident it’ll break the $100,000 mark before the end of the year.
Bitcoin traders expect an upward movement for Bitcoin’s price in September but have held back on whether it will hit the long-awaited six-figure mark by the end of 2024.
“Bitcoin is still on track for a September breakout,” pseudonymous crypto trader Rekt Capital told their 483,800 X followers on July 30.
Rekt explained that while Bitcoin failed to break out of the reaccumulation range — the period where buyers accumulate in anticipation of more upward price movement — in the 100 days following the Bitcoin (BTC) halving in April, such a breakout was “always going to be unlikely.”
