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How Will Bitcoin and Altcoins Perform in September?

Key Notes

  • Analysts warn that if Bitcoin fails to close above $113,400, the downtrend remains intact, targeting $100,000 and $90,000 if support breaks.
  • Despite recent weakness, indicators like the RSI and volatility-based risk suggest Bitcoin could be gearing up for a rally.
  • Analysts anticipate a mega altcoin season once Bitcoin tops, driven by OG wallets taking profits in BTC and reallocating to Ethereum.

Bitcoin

BTC
$109 422



24h volatility:
1.0%


Market cap:
$2.18 T



Vol. 24h:
$36.67 B



price has been under strong selling pressure over the past two weeks, correcting more than 15% from its all-time high of $124,457. September has usually been a bad month for Bitcoin as analysts weigh different possibilities with the price performance of the asset.

The Bullish Stand for Bitcoin Price

Following the recent pullback and cooldown over the past two weeks, Bitcoin’s relative strength index (RSI) is showing strength once again. Popular crypto analyst Javon Marks noted that BTC price will also see an upward trajectory, along with the RSI push.


The analyst noted that a similar setup formation back in August 2024 triggered a 110% rally, with the Bitcoin price surging all the way from ~$59,150 to new all-time highs of $123,000, and beyond.

On the other hand, there’s been a strong Bitcoin volatility compression since April. Analyst Crypto Patel noted that on-chain data shows clear signs of BTC range expansion, with the 30-day volatility percentage surging from 3% to 9%. “If volatility rises with price strength, the setup flips bullish fast,” noted the analyst.

Crypto Patel has highlighted key volatility benchmarks for traders to monitor. When volatility-based Risk exceeds the 15–20% range, market momentum begins to strengthen. A surge beyond 25–30% would signal the onset of a full expansion phase.

Considering the Bear Case Scenario

After falling to the lows of under $107,500, Bitcoin price showed a brief bounce back, while losing steam very quickly. Michael van de Poppe commented on Bitcoin’s near-term price action, noting that September historically tends to be a challenging month. Now, Bitcoin could test the $100,000–$103,000 range.

“To be quite honest, not the best monthly candle on $BTC. Would surprise me if we’re going to be running it back towards the ATH. I’d be expecting a new low to come in this month to finalize the correction before we’ll go up in Q4,” Poppe added.

Moreover, Crypto Patel also shared that Bitcoin remains in a bearish trend as long as it stays below $113,400. According to Patel, without a four-hour close above this level, the downtrend remains intact, with the $100,000 psychological level as the immediate target. Should Bitcoin break below $100,000, liquidity near $90,000 is expected to act as the next support magnet.

BTC to Altcoins Capital Rotation

Crypto analyst CrediBULL Crypto noted that after the Bitcoin price tops, the mega altcoin season will begin soon. He referred to a lot of Bitcoin OG wallets that have been selling recently, which have been booking profits in BTC, and rotating the same capital to ETH. This is the perfect setup for the altcoin season, noted the analyst.

TOKEN6900 Raises More than $3.2 Million

Amid the Bitcoin price volatility, meme coin token TOKEN6900 is gaining limelight. The T6900 project embraces internet culture with humor, irony, and a playful critique of traditional finance. Unlike many crypto ventures, it offers no elaborate roadmap or grand promises, instead drawing inspiration from the viral SPX6900 trend as a tongue-in-cheek take on mainstream investing.

Early investors can stake T6900 tokens during the presale, earning a notable 33% APY. The presale has already raised more than $3.23 million.

Presale Details:

  • Ticker: T6900
  • Current presale price: $0.007125
  • Funds raised: $3.23 million

Despite its satirical approach, the Token6900 presale is gaining momentum. Interested investors can refer to our guide on how to buy TOKEN6900.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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