Data: BTC is expected to close at $55,000 in September

ChainCatcher news, CryptoQuant research director Julio Moreno released a simulated forecast for Bitcoin's price movement in September. According to Moreno's simulation results, the price of Bitcoin may slightly decline in September, with an expected end-of-month price around $55,000.

The simulation shows that Bitcoin's price will fluctuate mostly between $44,000 and $66,000. Moreno specifically noted that these simulated forecasts are calculated solely based on historical daily return data for Bitcoin in the month of September.