Bitcoin News: Is the BTC price now facing another crash?
In this article you will learn:
- Why the Bitcoin price is currently suffering from seasonal weakness and what is different from previous years
- Why OG whales with extremely low entry prices pose major challenges to the market
- Whether a fall to $75,000 is imminent – or the Bitcoin bull market will continue, according to experts
- What opportunities a possible Fed interest rate turnaround in the fall could open up for Bitcoin investors
August is once again hitting Bitcoin hard. With a decline of 6.5 percent, the leading cryptocurrency is following a familiar pattern: For years, the summer month has been one of the weakest periods in the BTC calendar. But there's more to the current losses than mere seasonality. A whale selloff worth billions, ETF outflows, and overheated futures markets are reinforcing the downward momentum. Crypto investors now face an important question: Will the typical summer dip persist – or is a deeper setback looming in September?
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