Helloooo out there in the world of Bitcoin!
My name is Trevor and today I bring to you another monthly closing of Bitcoin's Historical Monthly Chart!
Voila!
Bitcoin's Historical Monthly Data Chart!
Now officially updated for the month of August and starting the month of September with an opening price of $47,150.00
August, as you can now see, officially ended in the Green with positive gains compared to the opening price on August 1st.
Those of us that were here last month would have seen that we called this beautifully!
We expected to see August close positively for Bitcoin and that's just what we got.
Moving forward though, what does September have in store?
Well, let's look at our nifty chart and see!
July closed in the Green just like August closed in the Green giving us two months in a row of positive price action.
That is great news considering the slaughterous months previous to July.
We have clearly started back up on a Bull Trend and as they say, the trend is your friend until the end.
So will the trend continue?
September is notorious for being a really frustrating month for Bitcoin's price in the past.
That doesn't necessarily mean it will be a devastating month, however, it doesn't exactly mean it could be an exciting month either.
The most likely scenario to play out here is some more consolidation.
In other words, September will be boring and probably pretty scary for weaker hands.
Doing some consolidating puts September at risk of turning Red on our Historical Data Chart here.
Although...
It would actually be healthier in the long term for Bitcoin's price to be less than exciting this month.
That's a scenario that could happen before or after we test previous highs.
Having 3 green months in a row is not uncommon in Bull Markets but the likelihood of it happening this month is pretty split.
If you are looking for an entry point, it's probably not the greatest idea to be shorting or longing big bags this month.
Keep in mind though, we are seeing quite a lot of unusual calmness occurring which could completely invalidate everything I just said 😂
In other words, be prepared for this market to change its moods really quickly turning September into the most epic month in Bitcoin's history.
Just don't bet on it completely and stay safe!
As always you guys this is all speculation and none of what I am sharing with you is professional financial advice.
You gotta do your own thing!
And if that thing were mine, the best thing to be doing right now is Dollar Cost Averaging.
Things could go North (or South) rather quickly in this industry and you don't want to totally lose your mind out here, now do you?
Thanks for stopping by to check out the charts every one!
Hope everyone has a beautiful day in Crypto and good luck out there!
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