Will the Bitcoin price decrease again in September? star-news.press/wp

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Bitcoin (BTC) is scheduled to be closed in August in red, its first month since April, which deepened fear that September will explode.

September is usually a bad month for Bitcoin

Bitcoin has a firm tendency to slip in September.

Since 2013, Bitcoin has been closed in red for eight of the past twelve months, with average revenue decreased around 80 %.

The veterans of the market call it “”September effect“In a month in which merchants tend to lock profits after summer gatherings or the portfolio of the place before the fourth quarter. Since 1928, for example, the average revenue of the S&P 500 in September was about 1.20 %.

Trading is often coinciding with wider risk assets, Bitcoin can become a victim of this seasonal clouds.

However, since 2013, every Green September came to Bitcoin until after August’s bruises, a pattern that hints from the sellers at the forefront.

Related to: The price of Bitcoin loses the main Trendline line: A Classic BTC Fakeout?

The straight analyst fencing He says The “September emptying” does not come this year, citing the performance of Bitcoin in 2017.

The 2017 and 2025 graph overlap reveals a semi -passed image. In both sessions, Bitcoin declined sharply in late August, and it was found in a major support zone, then reversed above.

Once again in 2017, this test was the final Shakeout before Price BTC reached $ 20,000.

Fast forward until today, and bitcoin hovering again near a multiple base between $ 105,000 and $ 110,000, a level that can be the launch platform for another equivalent leg.

Bitcoin can re-test the record in 4-6 weeks

The area of ​​105,000 to $ 110,000 was resistance earlier in the year, but it has now turned into support, which is a classic emerging structure in technical analysis.

One of the important budgets comes from the so -called “hidden bullish difference”. Although the price of Bitcoin has decreased, the RSI, a popular momentum index, has not decreased as much.

This usually means that the market is not weak as the price scheme suggests, which hints that buyers are quietly returning.

analyst Hey It indicates that Bitcoin can be on the right path to the highest new level ever exceeding $ 12,4500 in the next 4-6 weeks, due to these technical patterns that justify a possible gathering in September.

The weakest dollar can help Bitcoin Bulls in September

Currency traders The decline in the dollar has turned As a slowdown in the American economy and discounts in the expected federal reserve rate. They see Greenback sliding by another 8 % this year, a decrease doubled by Donald Trump criticizing the federal reserve.

From Sunday, the 52 -week relationship between Bitcoin and the US dollar index (DXY) declined to.

This transformation of Bitcoin, as well as the broader encryption market, improves the possibilities of climbing in September if the dollar’s recession continues.

“The Federal Reserve will start money printers in the fourth quarter of this year”, “Analyst Asviro He said Last week, adding:

“Price cuts mean that trillion will flow to the encryption market. We are about to enter a rewarding stage as Altcoins 10x -50X will explode.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.