In recent times, the Bitcoin price reacts to almost all of the economic updates released by the Fed Reserve. The latest addition to the list is the US Employment data which had a short-lived impact on the BTC price. Therefore, if the crypto space continues to react in either way to all the announcements, the volatility may remain high through September.
In the meantime, the bulls may remain aloof as the uncertain market movements may not be in their favour.
While the crypto space is expected to get a larger boost amid the upcoming Ethereum Merger and the recently announced date for Cardano’s Vasil Hard Fork, the CPI data, FOMC rates, etc may haunt the rally ahead. Therfore, below mentioned are the key dates to keep a close watch on in September:
- September 13:- CPI Data
- September 15:- Ethereum Merger
- September 16:- Mt. Gox Claims Deadline
- September 21:- FOMC rate hike decision
- September 22:- Cardano Vasil Hard Fork
On the contrary, Bitcoin’s (BTC) price has historically been bullish in the Q4 trade almost every year. As per a popular analyst, the asset has recorded a nearly 60% return in Q4 after a huge dump of an average of 30% in September.
Therefore, as the yearly close approaches, Bitcoin tends to increase its volatility which may further rise the price towards the speculated target ahead. The BTC price may however find new lows in September but appears to be primed to bounce back effectively by the end of the year.