Bitcoin price likely to fall 10% from current levels this September, crypto analyst says

Bitcoin (BTC) price has historically hurt traders that take long positions in September, with strategy analyst Benjamin Cowen predicting double-digit

, defined by massive market uncertainty. For one, incumbents looking to stay in power are likely to inject some political pressure as a campaign strategy to entice voters with less stringent monetary policies, hence volatility.

…at this rate, we are likely to start seeing the labor market show noticeable effects from all these interest rate hikes by the end of this year, early next year. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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