Quote from: Mrbluntzy on Today at 07:30:32 PM

This month looks like Bitcoin is going to be very bearish unless the condition of the market changes because on the daily time period, I am seeing that a fresh support level has been broken and it's looking like it want to hold and make the price go up but their is no momentum to make the price go up. This month might be bearish from what am seeing and it could dip to $100k.

There's a glimmer of hope this September after a disappointing August. I think if the Fed officially cuts interest rates, it will be a turning point and will make the market bullish. Previously, Jerome Powell had hinted at a rate cut in September, amid continuous pressure from President Trump.

In my opinion, that's just one of the indicators that will affect Bitcoin price movement this September. Many people are still optimistic that Bitcoin will hit a new all time high, and they believe that is very realistic. However, if major institutions or companies continue to dump, a further decline will clearly occur.