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#Bitcoin September A Month of Caution

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
September usually quite Volatile when it comes to the price of BTC which is in correlation with the stockmarkets

Below is the high, close and low for September from 2011-2019

High - Highest % from opening day
Closed - What % gain/-loss Bitcoin ended the month
Low - lowest % from opening day.

2011 High 29% , closed -39.27%, Low - 40 .42%
2012 High 24%, closed 19.61%, Low -8.04%
2013 High 5.11%, closed -1.39%, Low -8.59%
2014 High 6.4%, Closed -17.82%, Low - 23.33%
2015 High 7.13%, Closed 2.65%, Low -3.01%
2016 High 8.88%, Closed 6.27%, Low - 1%
2017 High 4.14%. Closed -7.49%, Low - 38.08%
2018 high 5.45%, Closed -5.11%, Low - 12.88%
2019 High 13.44, Closed -13.09%, Low - 19.76%

So what to expect this Month September 2020

I expect a test of resistance at $13800 - $14000, but a drop from the average of the above 17.23% drawdown $9657

Comments

Great analysis
+2 Reply
Excellent
+1 Reply
thanks, nice work
+1 Reply
Great 👍👍
+1 Reply
I believe in the monthly chart, Bitcoin is strongly bearish because it breaks a very important trend
+1 Reply
Bitcoin Likely Outcome For The Next 6 Months
+1 Reply
Well done!
Reply
I appreciate your idea.
Reply
DeFi Bubble burst will send btc price back to ATL.
Reply
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