Historically, September has been one of the weakest months for Bitcoin ($BTC) and the broader crypto market — and this year is no exception. Concerns are rising that more downside could be ahead.
At the same time, traditional safe-haven Gold ($XAU) has broken out to fresh record highs above $3,500 after a long consolidation, signaling that some capital may be flowing out of riskier assets like crypto.
📊 A fresh report from Bitfinex highlights that $BTC has now entered its third consecutive week of retracement after touching the August all-time high of $123,640. Historically, bull market corrections have averaged around 17% peak-to-trough, which means $BTC may already be approaching the usual limit of its pullbacks.
⚠️ But analysts also warn of caution. The short-term holder realized price — an important indicator of where newer investors entered the market — currently stands near $108,900, less than 1% below $BTC’s current price. If this support fails, a deeper correction could unfold, with a strong demand zone expected between $93,000 and $95,000.
On the brighter side, Joel Kruger, market strategist at LMAX Group, remains optimistic. He notes that September often serves as a consolidation period before a stronger Q4 performance. This year’s correction, he adds, could be shallower if ETF inflows, corporate treasury buying, and positive regulatory developments continue to support the market.
✅ In short: September may bring challenges, but history also suggests that $BTC could be setting the stage for a powerful Q4 rebound.
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🔥 Suggested Headlines for Binance Square
1. $BTC Tests Critical Support: $108,900 in Focus 🚨
2. $XAU Breaks Records While $BTC Faces September Weakness 📉
3. Will $BTC’s September Slump Set Up a Strong Q4 Rally? 🚀
