BTC price continues to show strength despite unexpected CPI print and FTX liquidation approval.
Bitcoin hit new September highs after the daily close on September 14.
Traders believe the Bitcoin market feels different and are optimistic about long opportunities.
BTC/USD traded near $26,300, up 5.5% from September lows.
Bitcoin market dynamics have changed, with dips being bought up quickly and price sweeping highs.
Longer-term price breakout predicted if a Bitcoin ETF is approved by U.S. regulators.
On-chain volume expected to cool after a relief rally.
Bitcoin is on track for its best-performing September in years, up 1.15% month-to-date.
In 2016, Bitcoin had its best September at 6.35%, while its worst was in 2014 with a loss of 19%.
Bitcoin shed 3.1% in September 2022 but climbed 5.6% in October, known as “Uptober” among bulls.
This article does not provide investment advice, and readers should conduct their own research.
