These two crypto analysts failed to accurately predict the crypto market in September, particularly regarding the Bitcoin (BTC) price.

It can be difficult to time or predict the correct movements in the market. Even some of the best in the business get it wrong. BeInCrypto looks at crypto analysts who were unfortunately incorrect in their analysis of Bitcoin in September.

Deviation and Reclaim Do Not Lead to BTC Price Increase

On September 15, well-known cryptocurrency trader @Tradermayne tweeted a Bitcoin chart showing the price deviating below the $25,250 area before reclaiming it.

This was expected to lead to a significant price increase, especially when combined with the bullish signs in the monthly and weekly timeframes.

Initially, the reclaim did initiate an upward movement. However, the increase did not cause a breakout from a descending resistance trendline. Rather, the price was rejected on September 19 (red icon) and has fallen since.

So, the trend is considered bearish in the short term until the price breaks out from this trendline.

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Author: Valdrin Tahiri

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