BTC price continues to show strength despite unexpected CPI print and FTX liquidation approval.
Bitcoin hit new September highs after the daily close on September 14.
Traders are optimistic about long opportunities as BTC maintains its solid performance.
The market dynamics for Bitcoin seem to have changed, with dips being bought up quickly and the price consistently reaching new highs.
Some analysts predict a longer-term price breakout if a Bitcoin ETF is approved by U.S. regulators.
On-chain volume is expected to cool down after a relief rally.
Bitcoin is on track for its best-performing September in years, with a 1.15% gain month-to-date.
In 2016, Bitcoin had its best September performance, while its worst was in 2014.
Bitcoin shed 3.1% in September 2022 but climbed 5.6% in October, which is known as “Uptober” among bullish traders.
This article does not provide investment advice and readers should conduct their own research.
