Bitcoin traders brush off September blues, say closing price may ‘surprise the bears’
Tyr Capital’s chief investment officer thinks Bitcoin is more likely to finish September above $60,000 than below.
Some Bitcoin traders seem to be brushing off concerns of the usual September dump, even though history suggests otherwise, pointing to the macro environment as a strong enough factor to challenge the ongoing narrative.
“Although September is historically a negative month for BTC, the combination of a FED rate cut and a relatively robust US economy could surprise the bears,” Tyr Capital chief investment officer Ed Hindi told Cointelegraph.
“We believe the chances of BTC settling above USD 60K to be higher than the chances of it settling below it,” Hindi added.
Tyr Capital’s chief investment officer thinks Bitcoin is more likely to finish September above $60,000 than below.
Some Bitcoin traders seem to be brushing off concerns of the usual September dump, even though history suggests otherwise, pointing to the macro environment as a strong enough factor to challenge the ongoing narrative.“Although September is historically a negative month for BTC, the combination of a FED rate cut and a relatively robust US economy could surprise the bears,” Tyr Capital chief investment officer Ed Hindi told Cointelegraph.“We believe the chances of BTC settling above USD 60K to be higher than the chances of it settling below it,” Hindi added. Read more