September’s bear market worries have reignited rumors of a coming downturn.
If price manages to break the $25k level then it might likely go all the way to $20,250 level.
The United Stated SEC has pushed out its ruling on Bitcoin spot ETF until October, which has put downward pressure on the BTC price. Several prominent analysts have all agreed that the BTC price will likely fall to $24,800 mark before perhaps recovering.
Nonetheless, September’s bear market worries have reignited rumours of an upcoming downturn. Historically, September has been a bad month for risky investments, including Bitcoin, and it seems that this year will be no different.
On the other hand, larger wallet addresses have shown growing optimism. In only two weeks, addresses controlling a minimum of 0.1% of Bitcoin’s total supply have amassed an astonishing $1.5 billion worth of BTC, according to statistics provided by IntoTheBlock.
High Volatility Expected
The legal win by Grayscale provided Bitcoin with
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