September often brings bearish trends for #Bitcoin, but historical patterns hint at a potential breakout.
Here's what to watch for in September 2024👇
#Bitcoin has been range-bound for the past 6 months. Historically, such patterns break out in 150-180 days post halving, leading to significant gains.
But to end the accumulation phase, Could we expect a 20% surge in sept? 📈
Historically, September tends to be bearish for Bitcoin. Out of the last 7 years, 6 were negative, with the best performance with just over a 6% gain in 11 years.
This raise the question on #bitcoin accumulation to end in September!
Some Key events in September that could boost the price:
🔹 Interest Rate Cut: With a 70% chance of a rate cut, we might see a repeat of the March 2020 effects when rates were last reduced during COVID.
🔹 Binance CZ Release: CZ’s announcement on September 29 is expected to increase investor confidence in the market.
🔹 Gold & Stock Markets is Near ATHs suggest Bitcoin is currently suppressed, hinting at a potential breakout.
Bitcoin might stay range-bound for another month, but Q4 could bring more excitement.
What do you expect from SEPTEMBER let me know in comments?
$TON price has surged from $2 to $8 in last six months.
With TVL increased 4000% in 6 months, the TON ecosystem is definitely one to watch.
Chart analysis: TON/USDT
• Forming a falling wedge pattern (Bullish pattern). In the past breakout of this pattern leads to surge in price.
• A breakout can take the price above $11.
• Have a strong support zone around $5.
These key highlights indicates rapid expansion in ton ecosystem:
» TON Ventures has launched a $40 million fund to boost early-stage crypto projects within the TON ecosystem.
» Developers are building popular apps using the fast-growing TON platform.
» The W5 Smart Wallet has eliminated gas fees. For example, with Tonkeeper, you don’t need to hold $TON specifically for gas fees; they can be deducted directly from your USDT or NOTCOIN balance.
» You can earn up to 50% APY by storing USDT with the Wallet Earn campaign.
» TON ecosystem grew significantly with hype of telegram mini games like #Notcoin #Hamsterkombat $DOGS and more. Brings millions of users on TON.
» TON Payments supports quick, low-cost micropayments, similar to the Lightning Network, making transactions easier and cheaper.
» Telegram integration with TON through its Wallet bot makes it easy to use TON for payments and other services, further drives user adoption.
» The upcoming TON Teleport BTC will enable secure Bitcoin transfers between Bitcoin and TON blockchains. This could significantly boost TON’s liquidity by bridging to BTC.
On-Chain Data Reveals Significant Growth in the TON Blockchain
➤ Daily transactions have increased 6x.
➤ The number of smart contracts on TON has skyrocketed from 6 million to 50 million in just 6 months.
➤ From on-chain wallets to active wallets, the TON blockchain is growing at an impressive pace.
Are you holding any $TON?
@GaganPratapMath सर
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