Over the weekend, Vitalik Buterin’s Twitter was compromised, and SOL price faced a massive sell-off on rumors of the FTX bankruptcy hearing. This week
, in particular, is extremely important due to a few things and is more than likely to induce volatility and move markets in the coming days.Bitcoin price produced a lower low on the weekly timeframe, reinforcing the bearish outlook.
The US CPI release on September 13 will also play a key role in how calm the markets will be for the next week. Bitcoin price at a critical point Additionally, as mentioned in a previous publication, the third quarter is where investors need to be expecting dips and not rallies. Moreover, September is the most bearish month in the 12-year history of Bitcoin price, with an average monthly return of -5%.
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