Bitcoin is poised for an upward trend in September, but traders are becoming less optimistic about reaching the $100,000 mark before the end of the year.
Pseudonymous crypto trader Rekt Capital noted that Bitcoin has been tracking toward a September breakout, but highlighted that a breakout from the reaccumulation range was always a long shot after the Bitcoin halving in April.
Despite the expected upward movement in September, traders remain skeptical about a short-term surge to $100,000. Rekt Capital further explained that the breakout period following the halving has not historically led to significant price increases.
While the Crypto Canucks community eagerly anticipates the September breakout, it cautiously acknowledges the uncertainty surrounding the $100,000 milestone. Traders are advised to monitor the market closely and adjust their strategies accordingly.Keep an eye on the Crypto Canucks blog for further updates on Bitcoin's price movements and the latest crypto trends.
