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Bitcoin (BTC) will close August in El Red, its first month of April, fueling the fears that the recession can deepen as September begins.
September is usually a bad month for Bitcoin
Bitcoin has a well established trend to slide in September.
Since 2013, Bitcoin has closed in El Red for eight of the last twelve months, with average yields falling around −3.80%.
Market veterans call it the “September effect”, a month in which merchants tend to make profits after summer demonstrations or repositioning portfolios before the fourth quarter. Since 1928, for example, the yields of the S&P 500 index in September have averaged around -1.20%.
It is often negotiated with broader risk assets, Bitcoin can become a victim of this seasonal resistance.
However, since 2013, every green September for Bitcoin has arrived only after a forceful August, a pattern that suggests sellers in the front line.
Related: Bitcoin Price loses the key line of support trend of several years: a classic BTC falsification?
The Rekt Fencer analyst says that a “September landfill will not come” this year, citing Bitcoin’s performance in 2017.
The overlap of the 2017 and 2025 table reveals an image close to the spy. In both cycles, Bitcoin fell sharply at the end of August, found a base in a key support zone and then invested higher.
In 2017, this re -stimming marked the final shaking before BTC Price f hasted at $ 20,000.
Fast advance until today, and Bitcoin once again passes once closer to a multimantada base between $ 105,000 and $ 110,000, a level that could be the pitcher for another parabolic leg on the rise.
Bitcoin could prove his record 4-6 weeks
The $ 105,000 – $ 110,000 area acted as resistance at the beginning of the year, but has now inclined in support, a classic upward structure in technical analysis.
An important rise signal comes from the so -called “hidden bullish divergence.” Although the price of Bitcoin has fallen, its relative force index (RSI), an indicator of popular impulse, has not fallen so much.
That generally means that the market is not as weak as the price table suggests, insinuating that buyers are silently returning.
The Zyn analyst suggests that Bitcoin could be on the way to a new schedule of $ 124,500 in the next 4–6 weeks, due to these technical patterns that justify a possible rally in September.
A weakest dollar can help Bitcoin Bulls in September
Currency merchants are becoming bassists per dollar as a slowdown in the US economy and the expected fees of the expected Fed weigh in the feeling. Come the Greenback sliding another 8% this year, a decrease aggravated by the critication of Donald Trump in the Fed.
Until Sunday, the 52 -week correlation between Bitcoin and the US dollar index (DXY) had gone to −0.25, its weakest level in two years.
This change improves Bitcoin’s probabilities, as well as the chances of climbing in September, the fall of the dollar.
“The Fed will begin money printers in the fourth quarter of this year,” said analyst Ash Crypto last week, added:
“Two middle rates cuts that Billones will flow in the cryptography market. We are about to enter a parabolic phase where Altcoins will explode 10x -50x”.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.