Bitcoin is as soon as once more testing a vital help zone, and hypothesis is whether or not September’s weak point will mark a turning level. With historical patterns usually displaying September dips adopted by sturdy This autumn rallies, the market now faces a pivotal second that might resolve the subsequent main transfer.
Bitcoin Returns To The Bull Market Assist Band
In his newest update on X, Benjamin Cowen highlighted that Bitcoin just lately touched the bull market help band just some days earlier than September formally started. This stage has traditionally acted as an necessary pivot zone, the place the bulls usually try to carry the road and defend broader market construction. Sustaining energy above this band may play an important position in preserving bullish sentiment.
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He defined additional that August established an area excessive, suggesting that September could also be shaping as much as type an area low. In his evaluation, the sort of alternating cycle between highs and lows is frequent 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 stage noticed in August. This underlines how shortly market situations can shift, with worth motion flipping from bullish in late summer season to extra cautious as the brand new month begins.
The analyst acknowledged that the best-case situation could 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 somewhat than later, stabilizing worth motion across the bull market support band. Such improvement would allow a more healthy market construction and probably lay the groundwork for one more leg increased because the month progresses.
Historic Cycles Recommend This autumn Upside If Assist Holds
In his evaluation, Benjamin Cowen defined that the perfect situation for Bitcoin could 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 stage earlier than climbing to new highs in This autumn, 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 persistently served as a powerful basis throughout the ongoing bull market. This stage stays a vital security web 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 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 Photographs, chart from Tradingview.com
