Crypto Market Will Red? Here's What Akademi Crypto Says

2024-09-06

Market Kripto Bakal Merah Begini Menurut Akademi Crypto

Bittime – The crypto market looks set to face major challenges for some time to come, with predictions that September will bring red to the price charts. 

The latest discussion from the Akademi Crypto revealed several analyzes and projections regarding Bitcoin price movements and the performance of several other crypto assets amidst market instability. 

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Bitcoin Price Projection: Decline Toward Level 52

 

In the latest discussion, analysts at Akademi Crypto projected that Bitcoin may experience a significant decline, with the price target reaching the 52 thousand dollar level before any potential rebound. 

This analysis is based on a price movement pattern that is similar to the situation that occurred in 2019. In that year, Bitcoin also experienced a sharp decline before finally experiencing a significant recovery.

Bitcoin Price Action: Not Too Drastic Amid Instabillity 

Although current market conditions appear unstable and likely to decline, Bitcoin's current price action suggests that the decline is not too drastic. 

This indicates that while the crypto market may be in the red in general, Bitcoin has not shown the extreme price shifts that might be expected in a bad market situation. 

Bitcoin price movements are currently considered to be within reasonable limits and do not show major fluctuations.

 

Market Anomalies: Coins Showing Positive Performance 

In the midst of the red market dominance, several crypto assets are showing positive performance. Coins such as Sijo, Wave, and Loki managed to record good performance. 

For example, Wave experienced a 5% increase, standing out among many other coins that were in a downward trend. 

These coins show that even though the market in general is experiencing a downturn, there is still an opportunity for some assets to show good growth and potential.

Weekly Analysis: Comparison to 2019

The discussion also includes weekly analysis to see how Bitcoin's current price movements compare to 2019. In that year, Bitcoin experienced a period of significant decline before finally experiencing a strong rebound. 

This analysis shows that currently, Bitcoin is in a similar situation, where there is a possibility of a further decline to the 52 thousand dollar level before recovery occurs. This provides the view that although the market currently looks gloomy, there is hope for a recovery in the future.

Others Coin that Attracts Attention

Apart from the coins mentioned, several other assets such as CC and Suhu (for layer one) and PP Bong also attracted attention because they showed good performance amidst declining market conditions. 

This shows that even though the crypto market as a whole is facing challenges, there are some assets that continue to show potential and positive performance.

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Conclusion

Discussion from the Akademi Crypto suggests that the crypto market may face a period of decline in September, with Bitcoin prices projected to reach as high as 52 thousand dollars before a potential rebound. 

Even though the market is generally trending in the red, some coins such as Sijo, Wave, and Loki are showing positive performance and remain attractive to investors. 

The weekly analysis also shows that Bitcoin's current price movement is similar to the situation in 2019, providing hope for future recovery even though current market conditions appear challenging.

How to Buy Crypto on Bittime

cara beli crypto di bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Crypto on Bittime.

Monitor price chart movements of Bitcoin (BTC)Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.

Table of Contents
Bitcoin Price Projection: Decline Toward Level 52
 
Bitcoin Price Action: Not Too Drastic Amid Instabillity 
Market Anomalies: Coins Showing Positive Performance 
Weekly Analysis: Comparison to 2019
Others Coin that Attracts Attention
Conclusion
How to Buy Crypto on Bittime
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