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Langgampos.com - Long-term Bitcoin adoption and blockchain technology will continue to grow, providing strong reasons for investors to stay committed to their strategies.
Bitcoin (BTC) has the potential to exceed expectations despite a year-long downward trend, especially during this bearish September. This optimism was expressed by Indodax CEO Oscar Darmawan.
Unlike previous cycles, current market activity reflects confidence in Bitcoin's future, suggesting that the bearish trend may only be temporary.
"The crypto market is highly dynamic, and we must be prepared for short-term fluctuations. However, history shows that after a bearish phase, there is usually significant recovery potential," Oscar stated in an interview with Antara on Monday, September 9, 2024.
He emphasized that price volatility creates opportunities for those who are ready and understand how to navigate the market. Oscar encourages investors to remain calm and approach investments strategically.
He also warned investors to avoid being swayed by short-term emotions. "Long-term Bitcoin adoption and blockchain technology will continue to grow, giving investors strong reasons to stick with their investment strategies," he added.
Oscar continues to promote safer investment strategies, such as Dollar Cost Averaging (DCA). "DCA allows investors to reduce risk by regularly investing a fixed amount regardless of price fluctuations. With this strategy, we hope users can make wiser investment decisions and avoid emotional reactions during drastic market moves," Oscar explained.
September: A Month of Pressure
CryptoQuant’s Head of Research, Julio Moreno, predicts a potential deeper correction if BTC falls below the critical level of USD 56,000, which could present an opportunity for investors waiting to enter the market at lower prices.
Although September is often a stressful month for Bitcoin, Moreno points out that current market conditions offer new hope. Increased activity from large investors and more positive on-chain data suggest Bitcoin might break its historical downward pattern this time around.
"Additionally, external factors like the planned interest rate cuts by the U.S. Federal Reserve could act as a positive catalyst, sustaining the crypto market's momentum this month," Julio remarked.
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