After a prolonged rut, Bitcoin has finally started to gain momentum. The King Coin went from $62,200 up to $64,000. The asset grew by almost 10% over the course of the past week. The asset’s move above the $60,000 mark is important, but the market expected more. BTC’s price was $63,698.02 when we went to press, after an increase of 2.26 percent.
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Bitcoin’s performance in September and future predictions
Bitcoin’s market is now more optimistic than ever. It is surprising to many that September, which has historically been a negative month for BTC, was so positive this year.
The September Historical Performance
CryptoRank reports that in the last 12 years there has been an eightfold increase. “red” The months in which the value of the currency at its end is lower than it was when it began. Bitcoin has only had three green Septembers. These few instances of a close in the green have led to significant gains in November and December.
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BTC Could Hit $70,00 This Month
Changelly data suggests that Bitcoin could reach this level. According to the platform, BTC is expected to trade around $76,139 after a surge of 20% towards the end the month. It will reach a level of $70,000 and then go above it.
The Recent Highest Trading Price And Current Trading Situation
Bitcoin reached an all-time peak of $73,750.07 in March, six months earlier. The asset currently trades 13% under this high. It went from its low at $53,550, to the current high in just a few weeks.
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The upcoming rise is not a shock to the investors.
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Source: watcher.guru
