BTC September trend triggers follow

In September, Bitcoin usually experiences a decline, but some analysts believe that this year may break the norm. The director of research at CryptoQuant predicts a BTC Closing Price of around $55,000 in September, while another CryptoQuant analyst believes that the BTC price is at or near its lowest point.

Institutions have different opinions on the September market.

QCP Capital believes that BTC has a strong support level at $54,000, and the Options market still shows a bullish signal in the medium term. However, 10x Research suggests that the market structure and fundamentals are gradually weakening, and each subsequent decline becomes deeper.

Analysts have different opinions on the future trend of Bitcoin

Encryption analyst Miles Deutscher stated that BTC recently showed a "Asian buying American dumping" trend, and there may be upward stimulation in the next week. Meanwhile, Wolfe Research analysts believe that BTC may return to the $50,000 low area in the coming weeks.

BTC price may surpass $100,000

TradingView analyst TradingShot believes that BTC has been closely following the structural pattern of past cycles, and breaking through $100,000 should be the minimum expectation if the key support level is maintained.

The Trump family launches the encryption project

Members of the Trump family have been hinting at an upcoming Cryptocurrency project, World Liberty Financial, which includes a non-transferable governance Token WLFI.

Penpie suffered a loss of 27 million dollars from Hacker attack

Penpie rewards protocol suffered an attack, with losses of about $27 million. Hackers have transferred some assets to Tornado Cash for mixing.

BTC Computing Power hits a new high

According to the data from BTC.com, BTC Computing Power reached 742.76 EH/s on September 2, hitting a new all-time high.