Analysts at QCP Capital believe that during September it is best for investors to accumulate bitcoins and then lock in their profits the following month. In their opinion, September has almost always been weak for all assets, including bitcoin.

Over the past nine years, October, on the other hand, has shown positive bitcoin price momentum on eight occasions. Experts noted that their expectations are supported by options with execution in the last days of December.

Analysts drew attention to the fact that during the last week, the volume of open long positions on open-ended bitcoin contracts increased by 3,000 BTC, and the funding rates in terms of a year increased to 20%.

In their opinion, this indicates that bitcoin's positive price momentum is about to return, which is also indicated by the increased activity among cryptokites buying call options.

In general, QCP Capital believes that the market is still in stagnation, and the bitcoin price may fall to the $55,000 mark. However, this period will last until the end of this month, and then the bullish trend will return, which will allow investors to lock in their profits.