Bitcoin (BTC) has climbed back above $59,000 during the ongoing session, reaching a high of $59,764 and registering an increase of almost 3% over the past 24 hours. However, analysts are worried September could see BTC dip to $45,000, putting it on a path culminating at $40,000.
Bitcoin struggled in August, with suggestions that the price could see a further 5% dip. BTC has traded in the red for six of the last seven September months. Other major cryptocurrencies also registered gains, with Ethereum (ETH) climbing back above $2,500. Solana (SOL) moved back above $130 and is currently trading around the $135 mark, while Dogecoin (DOGE) could look to reclaim the $0.100 price level.
Analysts Warn BTC Could See 20% Dip
Analysts at Bitfinex have warned that Bitcoin (BTC) could dip by as much as 20% because the Federal Reserve’s upcoming rate cut decision introduces a degree of uncertainty in the market. The prediction was made in a research report published on September
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