Crypto seeing “spectacular” September
The largest cryptocurrency saw 4.5% gains on the day, these nonetheless beaten by three of the top 10 altcoins, which all managed over 7%.
Against a largely positive background, traders were understandably bullish on Bitcoin’s prospects.
“Break above 50k = 58-60k to follow. Sitting above 200D MA which is now acting as support,” Pentoshi summarized to Twitter followers.
“What is your price discovery plan? Above those Highs 3x seems reasonable which is around 180k. You don’t go make new ath’s for 10% gains. Verge of breaking out into that last range.”
“September has been a spectacular month for Crypto thus far,” fellow trader Rekt Capital added.
Looking ahead, institutional reporting may serve to make the coming weeks even more intriguing.
“They will announce their purchases between September 7 and November 19. Enjoy the fireworks.”
Crypto pauses gains with Cardano at all-time highs
ADA/USD had hit new all-time highs earlier in the day, while ETH/USD neared $3,800 — its highest level since May.
As Cointelegraph highlighted this week, Polkadot’s DOT is being tipped as the next altcoin to see major gains.