The article discusses the current state of the Bitcoin market and the predictions for a bullish trend in September. Despite initial expectations, Bitcoin has not shown any significant movement and even reached a low of $53,994.12 on September 6. However, Jelle, in a recent post, notes that Bitcoin has experienced price swings near its recent lows and tends to hover around its 200-day moving average level. Jelle predicts that the next major move in the Bitcoin market could be bullish based on similar situations in the past. The current price of Bitcoin stands at $54,967, below the 200-day moving average of $63,874.59. While there are chances of a bullish momentum, it is yet to be seen in the chart.



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