Bitcoin is as soon as once more testing a important assist zone, and hypothesis is whether or not September’s weak spot will mark a turning level. With historical patterns typically displaying September dips adopted by sturdy This fall rallies, the market now faces a pivotal second that might determine the subsequent main transfer.
Bitcoin Returns To The Bull Market Assist Band
In his newest update on X, Benjamin Cowen highlighted that Bitcoin lately touched the bull market assist band just some days earlier than September formally started. This degree has traditionally acted as an essential pivot zone, the place the bulls typically try to carry the road and defend broader market construction. Sustaining energy above this band may play a significant function in preserving bullish sentiment.
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He defined additional that August established a neighborhood excessive, suggesting that September could also be shaping as much as type a neighborhood low. In his evaluation, any such alternating cycle between highs and lows is frequent in Bitcoin’s value conduct, 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 situations can shift, with value motion flipping from bullish in late summer season to extra cautious as the brand new month begins.
The analyst said that the best-case situation 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 reasonably than later, stabilizing value motion across the bull market support band. Such improvement would allow a more healthy market construction and doubtlessly lay the groundwork for one more leg increased because the month progresses.
Historic Cycles Counsel This fall Upside If Assist Holds
In his evaluation, Benjamin Cowen defined that the best situation for Bitcoin can be to carry regular on the 20-week Easy Transferring Common (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 This fall, making it a key historic sample to look at.
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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 an important security web for sustaining broader bullish momentum, even when short-term weak spot 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 excessive of $111,716 and a low of $108,505, displaying average 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.
Featured picture from Getty Photos, chart from Tradingview.com
