After weeks of consolidation, bitcoin has started the second half of September in relatively bullish fashion. Prices have once again surged above the $27,000 level, which comes as traders attention turns to the upcoming Federal Reserve meeting. Prior to this, we explore how the price of bitcoin may move for the remainder of the month.
Current Market Status
The first fortnight of September has been largely non-eventful, with bitcoin mostly consolidating below $26,500.
This comes as volatility in the market hovered close to a five-year low in August, with trading volume amongst exchanges falling by $52 billion.
However, as we move into the fall, there has been a slight rise in volatility, mostly led by a rise in both inflation and retail sales in the United States.
Markets have used this as confirmation that the Federal Reserve will hike rates later this week, which could lead to dollar strength.
September Outlook
Bitcoin peaked at $27,414.73 earlier in today’s session, following a lo
We współpracy z: https://news.bitcoin.com/bitcoin-price-outlook-for-september-2/
