Reasons Bitcoin will keep traders engaged in September

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While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024.

Bitcoin’s price closed below its 200-day exponential moving average (EMA) for the second week in a row, but over the past 24 hours, it has rebounded above $60,000. Several charts indicate that long-term holders remain unfazed by the current price action. Is a bullish breakout possible after August?

Bitcoin long-term holder realized cap hits $3 billion


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