Bitcoin is as soon as once more testing a essential assist zone, and hypothesis is whether or not September’s weak point will mark a turning level. With historic patterns typically exhibiting September dips adopted by robust This fall rallies, the market now faces a pivotal second that might resolve the following main transfer.
Bitcoin Returns To The Bull Market Assist Band
In his newest replace on X, Benjamin Cowen highlighted that Bitcoin not too long ago 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 might play a significant position 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, this sort of alternating cycle between highs and lows is widespread 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 shortly market circumstances can shift, with value motion flipping from bullish in late summer time to extra cautious as the brand new month begins.
The analyst acknowledged that the best-case state of affairs could be if Bitcoin’s month-to-month low had already been established on September 1st. If that’s the case, bulls might regain confidence sooner somewhat than later, stabilizing value motion across the bull market assist band. Such growth would allow a more healthy market construction and doubtlessly lay the groundwork for an additional leg greater because the month progresses.
Historic Cycles Recommend This fall Upside If Assist Holds
In his evaluation, Benjamin Cowen defined that the perfect state of affairs 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 degree earlier than climbing to new highs in This fall, 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 robust basis in the course of the ongoing bull market. This degree 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, 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.
Featured picture from Getty Photos, chart from Tradingview.com
