TechFlow reports that Julio Moreno, Head of Research at CryptoQuant, has released a simulated forecast for Bitcoin's price movement in September. According to Moreno's simulation results, Bitcoin's price may slightly decline in September, with an estimated price of around $55,000 by the end of the month.
The simulation indicates that Bitcoin's price will mostly fluctuate between $44,000 and $66,000 during the month. Moreno emphasized that these forecasts are based solely on historical daily returns data from previous Septembers.
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