Bitcoin's September Forecast: Will the Bulls or Bears Prevail?

As September unfolds, Bitcoin is charting a course between $46,000 and $70,000, after closing August at $58,975—an 8.75% dip, marking its weakest close in half a year.

Market Snapshot:

- US Stocks: Soaring near record highs.

- Bitcoin: Retreating to a 6-month low.

This divergence begs the question: Are US stocks overinflated, or is Bitcoin primed for a comeback? History isn’t on Bitcoin's side, as September has been a tough month—six out of the past seven years saw Bitcoin in the red, with the worst drop of 13% in 2019. However, 2023 showed a flicker of hope with a 4% rise.

Events to Keep on Your Radar:

- US Election: November 5

- FOMC Meeting: Dates pending

- CPI and Job Data: Monthly

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