Crypto analysis: Crypto analyst prognostic BTC red alert in September !!!

 Cowen referred to a recent tweet in which he talked about the great possibility of Bitcoin hitting $23,000 in September.

On September 2, 2023, the price of Bitcoin (BTC) opened at $25,930.50 and closed at $26,002.30, a gain of 0.28%. The 24-hour high was $26,234.00 and the 24-hour low was $25,858.00. The total market capitalization of Bitcoin is currently $486.6 billion, making it the largest cryptocurrency by market capitalization. Recently BTC network has processed over 750 million transactions since its inception and the average transaction fee for Bitcoin is currently around $1.50.The Bitcoin mining difficulty is currently at an all-time high of 31.25 trillion. The next Bitcoin halving is scheduled to occur in 2024.

Crypto analyst forecast:

Cowen Benjamin a formal known as cryptocurrency expert, recently shared a video about BTC price forecast in September. According to Cowen a possible drop in Bitcoin's price in September. Given that Bitcoin's opening price is below $26,000 for the month, a 7% drop would bring its value to around $24,000. He went on to point out that in 2019 before halving, Bitcoin saw a 14% drop in September, which could see its price fall to $22,000.

 To support his argument, Cowen referred to a recent tweet in which he talked about the great possibility of Bitcoin hitting $23,000 in September. Although he insists that this forecast is far from a promise, he points out that the current period, the bottom and the recent monthly close below certain levels of support as a factor in -make it fall to 23,000. $.

In addition, Cowen analyzed the average return for the whole year before the middle of the month, revealing a decline of around 17.7%, which could see Bitcoin trade at around $21,500 if history repeats itself.

BTC technical analysis:

Last 24 hr. the price of Bitcoin (BTC) opened at $25,930.50 and closed at $26,002.30, a gain of 0.28%. The 24-hour high was $26,234.00 and the 24-hour low was $25,858.00. Recently BTC price reach 25400 zone due to NFP impact. The relative indicators such as Relative strength index (RSI) and Moving average convergence divergence (MACD) indicates that gains will gonna take place if the BTC price could stable between $26000-$26600 zone. For now the barrier of support is $25200 respectively and if BTC could break this support level then the next targeted support level will be $24700. On the other hand bullish correction gain possibly could make reach the price of BTC at the resistance $26800, $27200. If some how price could break this resistance level than it will reach $28000.