Bitcoin is trading at approximately $116,000, marking its strongest September performance to date and defying historical trends of a bearish close. Traditionally, September has been a challenging month for Bitcoin, often ending in the red. However, despite a recent Federal Reserve rate cut announcement, Bitcoin has shown resilience, sparking bullish sentiment among investors. Analysts had anticipated a potential dip due to a CME Gap between $90,000 and $95,000, but the current price surge suggests otherwise. Analyst Doctor Profit highlights that Bitcoin is at a 10-year historic resistance, indicating that the market may remain bearish unless these levels are surpassed.
Bitcoin Surges to $116,000, Defying September Bearish Trends
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