Cryptocurrency experts name key factors of bitcoin growth

Analysts are predicting a possible new jump in the value of bitcoin BTC $74,340.44 Bitcoin 7.92% Market capitalization $1.47 trillion VOL. 24 hours $6.68 billion , which could mean the beginning of a major bullish trend. After a steady rise in early September, bitcoin recently reached $ 64,000 (but then the rate was adjusted — ed.), which is causing optimism among market participants.

Crypto analyst Lark Davis pointed out that a historically positive September often predicts a strong fourth quarter for bitcoin. He recalled previous price increases after similar trends. Another analyst, Rekt Capital, recalled the significant price movements that occurred 161 days after the previous halving of the market leader — reaching $ 69,000 in November 2021.

Currently, according to the analytical tracker CoinMarketCap, bitcoin is trading at $ 63,282, showing a 0.5% drop. The total number of coins circulating on the market is $ 1.2 billion. Traders made daily trading deals worth $ 26.9 billion. The Fear and Greed Index is still at a pessimistic 51 points.