Bitcoin Crowd Sentiment Falls to Historic Low, Here's Why It Bullish for $BTC Pr

[RSRS]

Bitcoin’s ($BTC) price rose above $45K again after a comparatively low activity-filled weekend. The price of the top cryptocurrency lost $50K key support during last week’s market flash crash. $BTC was looking well set to test $55K resistance but now is struggling to build momentum above $50K.

Bitcoin

Bitcoin broke out of 3-month long price slumber in August to register a new 3-month high above $50K and the rest of the crypto market showed bullish resurgence as well. However, September has historically proven to be a bearish month with Bitcoin monthly returns coming in negative for the most part and even on a couple of occasions, the gains were in single digits. 2021 seems to be no different, although the first week was fairly bullish making many believe that the top cryptocurrency might break the September jinx, now it seems September would continue to remain RED.

Let's skip September and go straight to October😎 https://t.co/tj6SSwSzKR

— PlanB (@100trillionUSD) September 13, 2021

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