Bitcoin September Correction Looms Amid Sideways Trend
Bitcoin expected to trade sideways until September, with a major correction forecasted next month.
- Bitcoin likely to stay range-bound until September
- A major correction is expected to hit next month
- Smart money prepares now for post-correction gains
After an accurate prediction of Bitcoin’s move from the $117,000 to $123,000 range and back down, market analysts are now anticipating a quiet few weeks ahead. Bitcoin is expected to move sideways within a narrow 8% range until the end of August. The calm before the storm is giving savvy investors time to prepare, as a significant Bitcoin September correction is anticipated.
The recent price movements have validated the technical and psychological patterns shared in previous reports. While short-term trades may find limited opportunities during this consolidation, traders are keeping an eye on September – a historically volatile month.
Red September: What to Expect
All signs point toward a correction in September. Although the exact drop levels remain unclear, market sentiment and technical signals indicate that Bitcoin could face a sharp decline. This correction is expected to be temporary and healthy, clearing the path for a stronger medium-term rally.
The smart strategy now is to prepare for shorting the market when the opportunity arises and then accumulate once fear peaks. According to the report, “the herd will panic,” while experienced traders are expected to seize the moment.
This insight reflects a broader view that, despite the upcoming downturn, the overall market outlook for the next few months remains bullish. Investors who plan ahead may find themselves in a prime position to capitalize once the correction runs its course.
On-Chain Signals and Market Sentiment
Despite the expected correction, on-chain data shows no signs of mass selling. Large wallets continue to accumulate, and funding rates remain stable. This suggests that the current bullish structure is intact, and the coming dip may be a buying opportunity rather than a reversal.
Macroeconomic events remain limited this week, with the only potential market-moving event being Jerome Powell’s speech on Friday. Traders should stay alert to any sudden changes in sentiment caused by his remarks.
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