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September is typically a challenging month for bitcoin, with traders and analysts predicting bearish trends ahead. Despite nearly reaching $60K, experts warn of potential downturns in the market. The Federal Reserve’s concerns about a U.S. dollar crisis could also impact bitcoin prices, with Forbes issuing a warning of a possible total collapse. CNBC suggests that bitcoin may slide back to $50,000 in what is historically the worst month for the cryptocurrency. While the price of bitcoin is currently rising, Barron’s cautions that September could still prove to be a tough period. Recent market trends have shown a loss of momentum for bitcoin, with Coinbase users selling off their BTC holdings. Bitfinex predicts a potential dip to $45,000 for bitcoin following rate cuts. Despite attempts to break key resistance levels, technical analysis indicates that bitcoin has failed to do so recently.
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