Bitcoin test again a critical support zone and speculation is whether the weakness of September marks a turning point. Of historical patterns Often with September -dips followed by strong Q4 rallies, the market now stands for a crucial moment that can determine the next big step.
Bitcoin returns to the Bull Market Support Band
In his last update On X, Benjamin Cowen emphasized that Bitcoin recently touched the Bull Market Support Band just a few days before September officially started. This level has traditionally acted as an important pivot zone, in which the bulls often try to hold the line and defend wider market structure. Maintaining strength above this band could play a crucial role in the preservation of bullish sentiment.
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He further explained that Augustus established a local peak, which suggests that September can be formed to form a local low point. In its analysis, this type of alternating cycle between highlights and lows is common in the price behavior of Bitcoin, especially during the transition phases of the market.
Benjamin Cowen also pointed out that the beginning of September already saw Bitcoin act lower than any level that was observed in August. This underlines how quickly the market conditions can move, with a price promotion that flashes in the late summer of Bullish to more cautiously as the new month starts.
The analyst stated that the best scenario would be if Bitcoin’s monthly layer was already founded on 1 September. If that is the case, Bulls could rather regain confidence instead of later, which stabilizes the price action around the bullmarkt support Band. Such a development would enable a healthier market structure and possibly lay the foundation for another leg higher as the month progresses.
Historical Cycli suggest Q4 upside down if the support applies
In his analysis, Benjamin Cowen explained that the ideal scenario for Bitcoin would be to keep stable in September on the 20 -week Simple Moving Average (SMA). He noticed that in the previous one bull Cycli, including 2013, 2017, 2020 and 2021, Bitcoin successfully maintained this level before they climb new highlights in Q4, making it an important historical pattern to look at.
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Cowen also emphasized that if Bitcoin does not maintain the 20W SMA, the 50W SMA would have to shift attention, which consistently served as a strong base during the current bull market. This level remains a crucial safety net for maintaining wider bullish momentumEven if the weakness arises in the short term.
From 3 September 2025, Bitcoin will act around $ 111,053, an increase of 0.83% in the last 24 hours, with an intraday high of $ 111,716 And a low point of $ 108.505, with moderate volatility. The trade volume of 24 hours is around $ 73.2 billion, which is a representation of a healthy market activity, while the market capitalization of Bitcoin is around $ 2,22 trillion, which enhances its position as a leading cryptocurrency.
Featured image of Getty Images, Chart van TradingView.com