September month saw an initial hike, then a dip, only to take a decent rise. With the year-end coming up and bullish-potential news lined up, experts are predicting the bull rally to make an appearance.
September analysis: Hike, dip & rise
Bitcoin and crypto market started this month on a positive note as prices took on an upward swing. If we take a look at the leader, it went from $6,800 to approximately $7,400 a few days this month, only to drop just below $6,200. However, later on, it reached approximately $6,800.
Bitcoin 1-month price, Source: TradingView
Now, taking a look at the total market cap, it moved in the similar direction. The crypto market still very much moves in tandem with the Bitcoin, however, in some instances cryptocurrencies, a selective few even more so, took on a bigger jump just like last week XRP did. So, an upward swing in Bitcoin price will be reflected in the overall crypto market as well.
Total market cap 1-month movement, Source: Coinmarketcap
Another facet of the crypto market is the BTC dominance. In a bear market, it goes on a hike as altcoins go deep red and in a bull market, it starts dropping.
BTC dominance 1-month chart, Source: Coinmarketcap
Experts share strong upcoming bullish views
The market scenario does offer positive sentiments indicating a bullish scenario. However, experts and investors of the crypto market are feeling for a stronger rally.
One of the most prominent bullish views has been shared by Binance CEO, Changpeng Zhao in an interview with a media outlet at the Consensus,