The post Crypto Pundit Tells Bitcoin Investors To Hold On A Bit Longer, Here’s Why appeared on BitcoinEthereumNews.com.

Since reaching its all-time high in March 2024, the value of Bitcoin (BTC) has faltered, failing to sustain a steady upward momentum and dampening investors’ expectations for a major bull rally following its halving event. However, a crypto analyst is offering a glimmer of hope, encouraging investors to remain patient despite the market downtrend, as the next few months could present a bullish turnaround for Bitcoin.  A Ray Of Hope For Crypto Investors As said by many crypto analysts, the month of September is historically a difficult period for Bitcoin, characterized by severe downward momentum, volatility and instability. Rekt Capital, a crypto analyst, told his over 500,000 followers on X (formerly Twitter) that Bitcoin’s price has plummeted by approximately 8% this September.  He revealed that in the previous years, the cryptocurrency witnessed a similar price decrease, falling between the range of 5% to 7% in the September of 2021, 2020, 2017 and 2018. According to the analyst, this price decline was nothing out of the ordinary, as BTC typically performs poorly in this month. In light of this recurring downtrend, a crypto expert identified as ‘Unipcs’ has offered a ray of hope to investors who have been experiencing Bitcoin’s severe price declines recently. Unipcs stated that in the past, October and November have been significantly positive and bullish for crypto prices, showing strong upward movements.  Source: X The analyst noted that this year’s current market cycle is following the same trend as previous years, where Bitcoin continually experienced a decline in September and an upsurge in October. Based on this historical pattern, Unipcs predicts that the price of Bitcoin could have a major turn around in the coming months.  He has urged investors to hold on a bit longer and stay invested in BTC, as he believes the market will…

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Filed under: News - @ September 11, 2024 2:17 am