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Bitcoin (BTC) Hit by September Seasonality, But Long-Term Investors See a Perfect Convergence of Bullish Factors for Q4

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王林Original
2024-09-07 15:35:13657browse

Bitcoin fell below $60,000, with ETF products seeing consistent outflows for multiple days in the first week of the month. The historical average return for BTC throughout September has been negative 6.56%

Bitcoin (BTC) Hit by September Seasonality, But Long-Term Investors See a Perfect Convergence of Bullish Factors for Q4

Bitcoin fell below $60,000 this month, with ETF products seeing consistent outflows for multiple days in the first week.

Historically, the average return for BTC throughout September has been a negative 6.56%. While this month is looking blue, investors should be warned against getting carried away in bearish phantasies.

BTC habitually and forcibly reminds investors how quickly it can move in either direction, and long-term price predictions remain intact.

The wildly accurate Decaying Peaks study forecasts $164,000 in 2025, and more voracious calls from Saylor predict that ‘BTC is going to eat gold.’ Do not let short-term noise drown out the long-term signal.

Bitcoin will trade far higher than most imagine, and a Trump victory would be the icing on the cake, with positive regulation ushering billions, perhaps trillions, into markets.

While this may be a doldrum month for equities and BTC, investors should look ahead: A weakening dollar and rate cuts are the two most significant catalysts for BTC price appreciation. Do not lose sight of the bigger picture.

Bitcoin Dogs is the Bitcoin network’s first-ever ICO, and while markets have been largely ambivalent, this project has been shipping, taking no notice at all of seasonality.

Following a bumper $13.4 million presale raise, 0DOG has already gone on to list on Gate.io and MEXC.

Being a part of history is a rare gift, and in retrospect, buying 0DOG at the lows will be a no-brainer. Soft-pegged to the BTC price and functioning as a leveraged play on crypto’s largest asset, anyone net bullish on BTC this year should add 0DOG to their portfolio.

Most missed buying BTC in the early days; will they make the same mistake with 0DOG?

Bitcoin Dogs covers every angle, having grown into the role of the Bitcoin ecosystem’s leading meme coin. It boasts an NFT Ordinals collection and will ship a Telegram game later this quarter.

Even better, thanks to the current community opting for a six-month cliff, only 5% of the presale tokens are liquid, heavily stacking the order books in favor of bulls.

Senior analysts have given 100X price predictions for 0DOG heading into 2025 and stated that investors would be well served not to allow a bearish month to detract from the larger picture.

Rate cuts are coming, and billions of dollars will soon flee money markets into equities. The United States’ mounting debt will force more money printing, and Bitcoin is the ultimate hedge against dollar devaluation.

Imagine how high a leveraged BTC play like 0DOG climbs when Bitcoin finally crosses $100,000. While September seasonality may currently rule the day, long-term confluence points to a crazy ride in 2025.

To learn more, visit the official Bitcoin Dogs website.

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