Co-founder of Dogecoin, Billy Markus recently tweeted, ‘Wake me up when September ends’ after Bitcoin touched below $59k. It trended towards around $57k. This tweet gives a perfect feel of what investors are feeling at the moment. They are drained of the volatility in the market and wishing and praying for a better course.
September has not seemed to favor the Bitcoin because it has an average loss of about 6% through history. However, some analyst believe that this may not be as worse as people imagine it to be this time around. Nevertheless, they are convinced that the Bitcoin price may recover and will not decline as is common with most markets in the month of September.
Of course, investors are clearly stressed with this latest trend but many are still holding out for Bitcoin to prove us wrong this month. Who knows? Perhaps, September will not be that bad as it has been for the previous years.
