Seasonally Bearish September for BTC? 0DOG Takes No Notice
Seasonality is the new buzzword touted by every macro investor who read The Intelligent Investor as a child. A historically observable effect September gives the worst stock returns of any month. Bitcoin has taken the brunt of this adverse price action, falling to $56k in the first week of September, with bearish price predictions calling for dramatic lows. But these analysts are getting carried away.
September may be the worst month on record for equities, but October is one of the best. Investors will get overly bearish and, instead of buying the dip, will be sidelined or net short. The mania phase of the bull market has yet to start, and in a tale as old as time, many will miss out due to an inability to overcome short-term bearish psychological bias.
While a seasonally bearish September is on the cards for BTC, smaller projects like Bitcoin Dogs are taking no notice. And long-term investors are seeing a perfect convergence of bullish factors for Q4.
Bitcoin hit by September seasonality
Bitcoin fell below $60,000, with ETF products seeing consistent outflows for multiple days in the first week of the month. The historical average return for BTC throughout September has been negative 6.56%, and while this month looks blue, investors should be cautious not to get too carried away in bearish phantasies.
BTC habitually and forcibly reminds investors how quickly it can move in either direction and long-term price predictions remain intact. The wildly accurate Decaying Peaks study forecasts $164,000 in 2025, and more voracious calls from Saylor predict that BTC is going to eat gold. Do not let short-term noise drown out the long-term signal.
Bitcoin will trade far higher than most imagine, and a Trump victory would be the icing on the cake, with positive regulation ushering billions, perhaps trillions, into markets. While this may be a doldrum month for equities and BTC, investors should look ahead. A weakening dollar and rate cuts. These are the two most significant catalysts for BTC price appreciation. Do not lose sight of the bigger picture.
Bitcoin Dogs takes no notice
Bitcoin Dogs is the Bitcoin networks first-ever ICO, and while markets have been undecided, this project has been shipping, taking no notice whatsoever of seasonality. Following a bumper $13.4 million presale raise, 0DOG has already gone on to list on Gate.io and MEXC.
Being a part of history is a rare gift, and retrospectively, buying 0DOG at the lows will be a no-brainer. Soft-pegged to the BTC price and functioning as a leveraged play on cryptos largest asset, anyone net bullish on BTC this year should add 0DOG to their portfolio. Most missed buying BTC in the early days. Will they make the same mistake with 0DOG?
Bitcoin Dogs covers every angle and has grown into the role of the Bitcoin ecosystems leading meme coin. It boasts an NFT Ordinals collection and will ship a Telegram game later this quarter. Even better, thanks to the current community opting for a six-month cliff, only 5% of the presale tokens are liquid, heavily stacking the order books in favor of bulls.
Eyes on the prize: Why Q4 looks explosive
Senior analysts have given 100X price predictions for 0DOG heading into 2025 and stated that investors would be well served not to allow a bearish month to detract from the larger picture. Rate cuts are coming, and billions of dollars will soon flee money markets into equities.
The United States mounting debt will force more money printing, and Bitcoin is the ultimate hedge against dollar devaluation. Imagine how high a leveraged BTC play like 0DOG climbs when Bitcoin finally crosses $100,000. While September seasonality currently rules the roost, long-term confluence points to a crazy ride in 2025.
Visit the official Bitcoin Dogs website to learn more.
Read more: https://www.tronweekly.com/seasonally-bearish-september-for-btc-0dog-takes-no-notice/
Text source: TronWeekly
