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 historic patterns usually displaying September dips adopted by robust This autumn 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 replace on X, Benjamin Cowen highlighted that Bitcoin not too long ago touched the bull market assist band only a few 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. Maintaining energy above this band might play a significant 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 kind an area 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 stage noticed in August. This underlines how shortly market situations can shift, with value motion flipping from bullish in late summer time to extra cautious as the brand new month begins.
The analyst said 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 reasonably than later, stabilizing value motion across the bull market assist band. Such growth would allow a more healthy market construction and probably lay the groundwork for an additional leg greater because the month progresses.
Historical Cycles Suggest This autumn Upside If Support Holds
In his evaluation, Benjamin Cowen defined that the best state of affairs for Bitcoin could 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 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 internet 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 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 Images, chart from Tradingview.com
