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 about the usual September dump, even though history suggests otherwise, and the macro environment could be a strong enough factor to challenge the ongoing narrative.
“Although September is historically a negative month for BTC, the combination of a Fed [United States Federal Reserve] 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 $60,000 to be higher than the chances of it settling below it,” Hindi added.
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Author: Ciaran Lyons
