Matrixport: Bitcoin Unexpectedly Strengthens in September, Investors Optimistic About October Potential
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September 17, 2024
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ChainCatcher reports that Matrixport's latest chart analysis shows Bitcoin spot ETF fund flows have slowed as expected, with September historically being a weak period.
However, Bitcoin's recent upward trend suggests the month might outperform expectations. Driven by potential interest rate cuts in the US and a strong stock market, Bitcoin could exceed predicted performance.
As October has historically been a strong month for Bitcoin, investors may use September's correction to position themselves for potential opportunities in the fourth quarter.
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