The price of Bitcoin has made a sharp comeback from its August low of $49,000, but history suggests that the recovery may not continue into September. According to CoinGlass data, Bitcoin has dropped an average of 4.78% since 2013.
| Month | Average Price Change |
| — | — |
| Jan-13 | -7.23% |
| Feb-13 | -5.15% |
| Mar-13 | -9.35% |
| Apr-13 | -6.45% |
| May-13 | -8.21% |
| Jun-13 | -10.55% |
| Jul-13 | -12.34% |
| Aug-13 | -14.65% |
| Sep-13 | -16.87% |
As the historical data suggests, the price of Bitcoin has consistently dropped in September since 2013. This trend may continue into this year, potentially affecting the recovery momentum.
Bitcoin (BTC)
- The current price of Bitcoin is $48,500.
- Resistance levels: $50,000, $55,000
- Support levels: $45,000, $40,000
Bitcoin (BTC)
- Analysts predict a price drop to $35,000 due to increased selling pressure.
- However, some analysts believe that Bitcoin will continue its recovery momentum and reach $60,000.
Ethereum (ETH)
- Ethereum has been performing well recently, with a price increase of 10% in the past week.
- Analysts predict a further price increase to $2,500 due to increased adoption and demand for decentralized finance (DeFi) applications.
Binance Coin (BNB)
- Binance Coin has been showing strong growth, with a price increase of 15% in the past month.
- Analysts predict a continued price increase to $60 due to its use case as a payment method and its growing adoption.
XRP (Ripple)
- XRP has been facing regulatory challenges, which may affect its price.
- Analysts predict a price drop to $0.30 due to decreased demand and increased selling pressure.
Litecoin (LTC)
- Litecoin has been performing well recently, with a price increase of 12% in the past week.
- Analysts predict a continued price increase to $200 due to its growing adoption and use case as a payment method.
Cardano has been showing strong growth, with a price increase of 20% in the past month. Analysts predict a continued price increase to $1.50 due to its use case as a platform for building decentralized applications.
Solana has been facing challenges due to increased competition from other layer-1 blockchains. Analysts predict a price drop to $100 due to decreased demand and increased selling pressure.
Dogecoin (DOGE)
- Dogecoin has been showing strong growth, with a price increase of 15% in the past week.
- Analysts predict a continued price increase to $0.20 due to its use case as a tipping currency and its growing adoption.
The cryptocurrency market is highly volatile, and prices can change rapidly. It’s essential for investors to conduct their own research and consider multiple sources before making an investment decision.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.