Historically, September has been a tough month for Bitcoin — the only month since 2011 that has averaged a negative return. Despite the current challenges, bullish sentiment remains, with some analysts like Fundstrat’s Sean Farrell sticking to their guns on a potential $115,000 price target by the end of 2024. I'm not quite sure how that will play out, given this is the first September has also featured billions in ETF inflows — but is everyone just throwing historical analysis out the window? Feels like no one respects the 4-year cycle anymore because of the ETFs, too. The most costly words in investing are "this time is different." But is this time actually different? [link] [comments] |
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