Bitcoin Battles Key Support: Can September’s Dip Set The Stage For A Q4 Rally?

2 weeks ago

Bitcoin is erstwhile again investigating a captious enactment zone, and speculation is whether September’s weakness volition people a turning point. With historical patterns often showing September dips followed by beardown Q4 rallies, the marketplace present faces a pivotal infinitesimal that could determine the adjacent large move.

Bitcoin Returns To The Bull Market Support Band

In his latest update connected X, Benjamin Cowen highlighted that Bitcoin precocious touched the bull marketplace enactment set conscionable a fewer days earlier September officially began. This level has historically acted arsenic an important pivot zone, wherever the bulls often effort to clasp the enactment and support broader marketplace structure. Maintaining spot supra this set could play a captious relation successful preserving bullish sentiment.

He explained further that August established a section high, suggesting that September whitethorn beryllium shaping up to signifier a section low. In his analysis, this benignant of alternating rhythm betwixt highs and lows is communal successful Bitcoin’s terms behavior, particularly during transitional phases of the market.

Benjamin Cowen besides pointed retired that the opening of September already saw Bitcoin trading little than immoderate level observed successful August. This underlines however rapidly marketplace conditions tin shift, with terms enactment flipping from bullish successful precocious summertime to much cautious arsenic the caller period begins.

The analyst stated that the best-case script would beryllium if Bitcoin’s monthly debased had already been established connected September 1st. If that is the case, bulls could regain assurance sooner alternatively than later, stabilizing terms enactment astir the bull marketplace support band. Such improvement would alteration a healthier marketplace operation and perchance laic the groundwork for different limb higher arsenic the period progresses.

Historical Cycles Suggest Q4 Upside If Support Holds

In his analysis, Benjamin Cowen explained that the perfect script for Bitcoin would beryllium to clasp dependable astatine the 20-week Simple Moving Average (SMA) passim September. He noted that successful erstwhile bull cycles, including 2013, 2017, 2020, and 2021, Bitcoin successfully maintained this level earlier climbing to caller highs successful Q4, making it a cardinal humanities signifier to watch.

Cowen further emphasized that if Bitcoin fails to prolong the 20W SMA, attraction should displacement to the 50W SMA, which has consistently served arsenic a beardown instauration during the ongoing bull market. This level remains a important information nett for maintaining broader bullish momentum, adjacent if short-term weakness emerges.

As of September 3, 2025, Bitcoin is trading astir $111,053, up 0.83% implicit the past 24 hours, with an intraday precocious of $111,716 and a debased of $108,505, showing mean volatility. The 24-hour trading measurement is astir $73.2 billion, reflecting steadfast marketplace activity, portion Bitcoin’s marketplace capitalization stands astatine astir $2.22 trillion, solidifying its presumption arsenic the starring cryptocurrency.