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Analysis: Bitcoin Enters Seasonal Weakness Zone, Market Confidence Unwavering
Summary: According to reports from Cointelegraph, despite Bitcoin's short-term drop to around $105,000, market sentiment remains strong. Data from CoinMarketCap shows BTC fell by about 1.79% to $105,560, while the Crypto Fear & Greed Index remains in the 'greed' zone with a score of 63, only down 1 point from the previous day. Analysts point out ...
According to reports from Cointelegraph, despite Bitcoin's short-term drop to around $105,000, market sentiment remains strong. Data from CoinMarketCap shows BTC fell by about 1.79% to $105,560, while the Crypto Fear & Greed Index remains in the 'greed' zone with a score of 63, only down 1 point from the previous day. Analysts point out that although Q3 is typically the weakest quarter for the crypto market, the current market remains optimistic. Data from CoinGlass shows that since 2013, Bitcoin has had an average Q3 increase of 5.47%, suggesting that by the end of this quarter, the price may approach the historical high of $111,000.
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Link: Analysis: Bitcoin Enters Seasonal Weakness Zone, Market Confidence Unwavering [Copy]
