$BTC
Here is a comprehensive analysis of Bitcoin (BTC) development on September 2, 2025:
📉 Overall Trend and Psychology
September began with a negative scene in August as Bitcoin fell by ~6.5%, with approximately $751 million exiting Bitcoin-dedicated ETFs in the United States.
Historically, September has shown weak performance; BTC has lost in 8 of the last 12 years with an average of -3.8%.
Nonetheless, some analysts indicate that the brief downturn in late August resembles the correction that preceded the historic rise in 2017, and it could be a rebound point towards a new ceiling (above $124,500) in the next 4–6 weeks.
📈 Technical Analysis – Today (September 2)
BTC rose to about $110,200 (+2–3% over 24 hours), breaking Fibonacci resistance levels, with notable buying momentum and high trading volume, targeting levels around $111,100 as a new peak.
Conversely, technical analysis indicates a state of fluctuation between moving averages (EMA50 and EMA200) between support and resistance at ~ $110,000–113,500, with the crossover close to forming a "death cross" which could signal a new downward wave if the lower resistance does not hold strongly.
Technical indicators (RSI ~40 and oversold signal, ADX ~20) indicate a market in a consolidation phase with no clear direction, leaning towards short selling.
At the same time, there is a signal of “hidden bullish divergence” in the weekly RSI indicating potential support for the upward trend (similar to what happened in 2017).
Important Support and Resistance Levels
