According to Peterson, September 21st is the worst day of the year for Bitcoin. The analyst argued that there’s about an 80% chance Bitcoin will fall on that date.
According to Peterson’s data, the average daily loss on September 21st was one of the steepest declines of the year, with a median daily loss of -2.00%. March 22nd came in second with a daily loss of -1.52%, and September 24th came in third with a daily loss of -1.50%. This makes two of Bitcoin’s three worst days of the year in just four days.
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The analyst also reminded that Bitcoin lost 6.5% of its value in August and predicted that, in line with this seasonal pattern, the price could be in the range of $97,000 – $113,000 by the end of September.
Peterson added that such fluctuations are part of a seasonal pattern that goes back many years.
At the time of writing, the BTC price is trading at $111,253.
*This is not investment advice.
Continue Reading: Watch Out: The Worst Day of the Year for Bitcoin Has Been Identified and It’s Close – Here’s the Date to Prepare For
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Author: NixCoin
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