Bitcoin’s up 1.62% over the past 24 hours, managing to push beyond $110K, as the 24-hour trading volume is 25% in the green. Despite these favorable numbers, September’s Bitcoin looks weak and we should see further dips by October.
Despite this, Bitcoin’s previous six years were in the red with losses of up to 14%, which casts an ominous vibe on the coin’s next 30 days.
On the good side of things, this is most likely due to the whales preparing for the September dip and doing some side quests until the main story resumes.
The resulting snowball effect could take Bitcoin even lower in the charts. A failure to retest the $107K support level could cause a crash to $103K due to the cumulative pressure.
However, this time may be different, given that Bitcoin is already entering a bullish phase, according to past performances. Strategy riding a September dip could bring investors back and fuel Bitcoin’s coming bull phase.
This means Bitcoin’s transactions are slow, expensive, and cannot ensure scalability, which means Bitcoin is essentially incompatible with the institutional environment.
The role of the Canonical Bridge is to decongest Bitcoin’s native network by minting your $BTC onto Hyper’s Layer-2. This results in faster confirmation times – seconds rather than hours – and an overall higher on-chain performance, with smoother traffic and, importantly, lower fees.
Together, these tools will make Bitcoin scalable and able to support DeFi, dApps, and more.
The presale has raised more than $13.4M since it started, with a current token price of $0.012845 – and you can stake it for 81% APY.
Bitcoin could experience a dip in September, but that’s not cast in stone. Either way, October looks set to fire $BTC up as the GENIUS Act makes progress and investors turn in their side assets for another dose of Bitcoin.
Don’t take this as financial advice. Do your own research and invest wisely.
