Bitcoin’s September Slump: Will It Spark a Q4 Miracle? 🚀💥

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Oh, the drama! Bitcoin is once again testing a critical support zone-because nothing says “I’m a bull” like a 50% drop! Speculation is flying faster than a crypto whale in a hurricane. Can September’s dip be the setup for a Q4 rally? Or is this just the market’s way of saying, “You’re welcome, but I’m not here for your drama”? 🤯

Bitcoin Returns To The Bull Market Support Band

In his latest update on X, Benjamin Cowen, the crypto prophet who’s never wrong… ever, highlighted that Bitcoin recently touched the bull market support band. Just a few days before September began. Because nothing says “I’m a bull” like a 50% drop! This level has historically acted as an important pivot zone-where the bulls often attempt to hold the line and defend broader market structure. Maintaining strength above this band could play a vital role in preserving bullish sentiment. Or, you know, just getting us all to panic again. 💸

He explained further that August established a local high, suggesting that September may be shaping up to form a local low. In his analysis, this type of alternating cycle between highs and lows is common in Bitcoin’s price behavior-especially during transitional phases of the market. Because nothing says “transitional” like a 20% drop in a week. 🧠

Benjamin Cowen also pointed out that the beginning of September already saw Bitcoin trading lower than any level observed in August. This underlines how quickly market conditions can shift-like a toddler’s mood. With price action flipping from bullish in late summer to more cautious as the new month begins. Because nothing says “cautious” like a 10% drop in a day. 🤯

The analyst stated that the best-case scenario would be if Bitcoin’s monthly low had already been established on September 1st. If that is the case, bulls could regain confidence sooner rather than later, stabilizing price action around the bull market support band. Such development would enable a healthier market structure and potentially lay the groundwork for another leg higher as the month progresses. Or, you know, just a 5% rally before crashing again. 📈

Historical Cycles Suggest Q4 Upside If Support Holds

In his analysis, Benjamin Cowen explained that the ideal scenario for Bitcoin would be to hold steady at the 20-week Simple Moving Average (SMA) throughout September. He noted that in previous bull cycles, including 2013, 2017, 2020, and 2021, Bitcoin successfully maintained this level before climbing to new highs in Q4. Making it a key historical pattern to watch-because nothing says “key” like a 70% drop in the next cycle. 🧠

Cowen further emphasized that if Bitcoin fails to sustain the 20W SMA, attention should shift to the 50W SMA, which has consistently served as a strong foundation during the ongoing bull market. This level remains a crucial safety net for maintaining broader bullish momentum, even if short-term weakness emerges. Because nothing says “safety net” like a 30% drop. 💸

As of September 3, 2025, Bitcoin is trading around $111,053-because nothing says “confidence” like a number with commas and a decimal. Up 0.83% over the past 24 hours, with an intraday high of $111,716 and a low of $108,505, showing moderate volatility. The 24-hour trading volume is approximately $73.2 billion-because nothing says “healthy” like a number that could fund a small country. While Bitcoin’s market capitalization stands at about $2.22 trillion, solidifying its position as the leading cryptocurrency. Or the leading “I hope this doesn’t crash” asset. 📉

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2025-09-03 16:21