Here’s why Bitcoin [BTC]’s September gains may be nothing more than a façade
The end of August went rough on Bitcoin [BTC] as its price plunged. However, September has bought some better days as the crypto registered only a slight decline in its seven-day performance.
This may be considered as a sign of an uptick in the near future. At the time of writing, BTC was trading just below the $20,000 mark at $19,950.41 with a market capitalization of $381,836,195,229.
Source: CoinMarketCap
Though BTC’s one-month chart was mostly painted red, Glassnode’s investors’ confidence in the coin didn’t seem to decrease. This too can be considered as a positive for the coin.
With so many events happening, how soon can we expect the bulls to buckle up and drive BTC’s next upward rally?
Recently, the number of addresses holding 1+ bitcoins just reached an ATH of 900,232, indicating that investors are expecting a price surge in the coming days.
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