After breaking below the 15-day low of $57.1K, BTC bulls might offer a glimmer of hope despite the historically challenging month of September. However, it’s important to note that this cycle has been skewed by about a month so far. If this trend continues, September could potentially lead to more short liquidations.
Even though the US markets were closed for Labor Day, Donald Trump has overtaken Kamala Harris in the prediction markets, now holding a 50% probability of winning the election, which is less than 60 days away. Historically, US elections have generally produced bullish market returns, with notable exceptions in 2008, 2000, and 1940.
