Cryptocurrency experts gave an optimistic forecast for bitcoin growth in September

September promises to be a busy month for the bitcoin market. CoinTelegraph analysts have identified three main reasons why this month may turn out to be far from «boring» for investors and traders.

First, long-term bitcoin holders (LTH) continue to accumulate assets despite recent price fluctuations. Bitcoin has already recorded a drop below its 200-day exponential moving average (EMA) three times in 2024, but has quickly returned to higher levels each time. Recent data shows that the change in capitalization, which takes into account realized gains and losses of long-term holders, increased by $ 3 billion. This indicates that these owners are holding on to their assets with confidence, even as short-term investors (STH) are selling more actively.

The second important reason is the stabilization of sales pressure from miners. After a significant sale of bitcoin in the second quarter of 2024, miners' reserves have recently shown signs of returning to accumulation. This may indicate that the price of bitcoin is stabilizing in the current range, which creates preconditions for possible growth.

The third factor is the stablecoin supply ratio (SSR), which also indicates potentially bullish sentiment in the market. The growth of global liquidity, including the amount of stablecoins available for buying bitcoin, can lead to a significant increase in the price of the asset. The current decline of this indicator to the levels of February 2024 indicates the presence of significant liquidity in the market, which may become a catalyst for the further rise of bitcoin.

Against the backdrop of these factors, bitcoin will try to overcome important resistance levels around $ 61,700 and $ 62,737. If it succeeds, the market may receive a signal of a trend change, which would pave the way for further growth in September.