Bitcoin and Ethereum draw traders' attention again in September, yet their stability amid traditional market instability raises questions.
Market Calm
Since the beginning of September, the cryptocurrency market shows a slight gain of 1.2%, prompting interest in Bitcoin and Ethereum. Bitcoin reached $110,735 with an intraday high of $111,775, while Ethereum slightly declined to $4,303.99 but also showed significant intraday fluctuations.
Divergent Predictions
Traders on the Myriad Markets platform express pessimistic forecasts for Bitcoin, expecting a drop to $105,000 with a probability of 66%. Ethereum, on the other hand, maintains moderate optimism as 60% of traders bet on a rise to $5,000. Technical indicators such as RSI and ADX show mixed signals, indicating market uncertainty.
Conclusion on Volatility
September is historically a month of significant volatility for the crypto market. The current situation remains uncertain, and traders are preparing for possible sharp movements. The remainder of the month could be decisive for the direction of both Bitcoin and Ethereum.
The upcoming days are expected to remain tense as traders await market reactions to a combination of technical instability and macroeconomic factors.
