Bitcoin for September: $113K Key Level, Altcoin Season Dey Near
Bitcoin price don drop over 15% from im all-time high of $124,457. September na dey historically weak month for Bitcoin. Analysts dey warn say if e no fit close pass $113,400 fit cause the downtrend to continue reach $100,000 and $90,000. But di RSI indicators and di way volatility dey compress dey show early sign of bullish range expansion. Crypto Patel talk say 30-day volatility don rise from 3% to 9%, and momentum fit strong if e reach 15–20%, wey mean say full expansion phase above 25 fit happen.
Technician Javon Marks point to similar RSI setup wey happen August 2024 wey come before 110% rally to new highs. On the bearish side, Michael van de Poppe expect say dem go test $100K–$103K range before Q4. Analysts also talk say capital fit move from Bitcoin go Ethereum as OG holders dey take profit, setting up altcoin season. Meanwhile, meme token TOKEN6900 don raise $3.23 million for presale wey offer 33% APY. Traders suppose dey watch key support and resistance levels plus upcoming volatility signals.
Neutral
Di article dey show mixed signals for traders. On one side, Bitcoin RSI bounce back plus early increase for market wahala mean say e fit get upward movement. Analyst like Javon Marks dey expect big rally if dem see same range setup happen again, and Crypto Patel benchmarks show say volatility and price go high. But on another side, if e no fit close pass the big resistance of $113,400, downtrend go still dey, and e fit try test $100,000 and $90,000. Historical patterns show September no too easy for Bitcoin, plus short-term forecast from Michael van de Poppe warn say e fit dip more before e fit recover. Expectation say money go shift later go Ethereum and altcoin season dey give long-term good sign. Because technical and historical things dey oppose, near-term impact go balanced, so traders suppose dey watch important levels and market wahala signals for confirmation of direction.