September, Bearish month?steemCreated with Sketch.

in #bitcoin6 years ago

We are approaching September, and we can analyze a few things about Bitcoin's ascents and descents, based on last year.

We note that every year end, the value tends to rise and soon after a correction, and last year it began to set the correction and rise in the month of September, having a fall during its period of almost 50% before the rise of October, reaching the historic ascent of December / January.

I think that this year, since we are practically 6 months in a bearish market, not very aggressive in buyers, there will not be such a big drop in September. I believe in a fall, if it occurs, between 6200-6500.

On high, I think of 8000 until before the end of October.

This year is the year of election in Brazil, so with dollar volatility depending on who wins the election, the value may rise or fall in BRL, regardless of how the BTC will walk in USD.


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