Bitcoin Battles Key Support: Can September’s Dip Set The Stage For A Q4 Rally?
Bitcoin is as soon as once more testing a vital assist zone, and hypothesis is whether or not September’s weak point will mark a turning level. With historical patterns usually exhibiting September dips adopted by sturdy Q4 rallies, the market now faces a pivotal second that might resolve the subsequent main transfer.
Bitcoin Returns To The Bull Market Support Band
In his newest update on X, Benjamin Cowen highlighted that Bitcoin just lately touched the bull market assist band only a few days earlier than September formally started. This degree has traditionally acted as an essential pivot zone, the place the bulls usually try to carry the road and defend broader market construction. Maintaining power above this band may play an important function in preserving bullish sentiment.
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He defined additional that August established an area high, suggesting that September could also be shaping as much as type an area low. In his evaluation, any such alternating cycle between highs and lows is widespread in Bitcoin’s worth habits, particularly throughout transitional phases of the market.
Benjamin Cowen additionally identified that the start of September already noticed Bitcoin buying and selling decrease than any degree noticed in August. This underlines how rapidly market circumstances can shift, with worth motion flipping from bullish in late summer season to extra cautious as the brand new month begins.
The analyst said that the best-case state of affairs can be if Bitcoin’s month-to-month low had already been established on September 1st. If that’s the case, bulls may regain confidence sooner fairly than later, stabilizing worth motion across the bull market support band. Such growth would allow a more healthy market construction and doubtlessly lay the groundwork for an additional leg increased because the month progresses.
Historical Cycles Suggest Q4 Upside If Support Holds
In his evaluation, Benjamin Cowen defined that the perfect state of affairs for Bitcoin can be to carry regular on the 20-week Simple Moving Average (SMA) all through September. He famous that in earlier bull cycles, together with 2013, 2017, 2020, and 2021, Bitcoin efficiently maintained this degree earlier than climbing to new highs in Q4, making it a key historic sample to observe.
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Cowen additional emphasised that if Bitcoin fails to maintain the 20W SMA, consideration ought to shift to the 50W SMA, which has constantly served as a powerful basis through the ongoing bull market. This degree stays a vital security internet for sustaining broader bullish momentum, even when short-term weak point emerges.
As of September 3, 2025, Bitcoin is buying and selling round $111,053, up 0.83% over the previous 24 hours, with an intraday high of $111,716 and a low of $108,505, exhibiting reasonable volatility. The 24-hour buying and selling quantity is roughly $73.2 billion, reflecting wholesome market exercise, whereas Bitcoin’s market capitalization stands at about $2.22 trillion, solidifying its place because the main cryptocurrency.
