Summary
- Bitfinex analysts said that Bitcoin (BTC) may fall below $95,000 in September.
- They said September could be a short-term trough due to macroeconomic uncertainty.
- They forecast that a rebound is possible in the fourth quarter due to inflows into exchange-traded funds (ETFs).
On the 2nd (local time), according to crypto media BeInCrypto, Bitfinex analysts projected that Bitcoin (BTC) could fall below $95,000 in September.
They analyzed that September could be a short-term bottom period due to macroeconomic uncertainty.
However, they said the downtrend is not likely to last long, and a rebound could occur in the fourth quarter as inflows into exchange-traded funds (ETFs) pick up.
Bitcoin is trading at $110,591.68 as of 03:09 on the 3rd, on the Binance Tether (USDT) market, up 1.43% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Market Update] Bitcoin slides to the $68,000 range… "Macro caution persists despite upbeat CPI"](https://media.bloomingbit.io/PROD/news/7c356c31-7d95-4f87-9e5b-bf3ebab9c6d6.webp?w=250)
![[Analysis] "XRP enters a pullback after failing to hold $1.62… focus on whether it can break above $1.51"](https://media.bloomingbit.io/PROD/news/43b35985-b585-4ba4-8af7-82ef19948262.webp?w=250)