Is History Repeating Itself? Bitcoin Tests September Support Before Q4 Explosion

Bitcoin is once again testing a key support zone, and analysts are predicting whether the weakness of September will mark a turning point. With historical patterns often indicating a decline in September, followed by a strong bounce back in Q4, the market is currently facing a critical moment that could determine the next move. Bitcoin Bounces Back to the Support Zone of the Bull Market In the latest update about X, Benjamin Cowen emphasized that Bitcoin recently touched the support zone of the bullish market, just a few days before September officially began. This level has historically served as an important zone, where buyers often try to maintain their positions and protect the overall market structure. Maintaining strength above this band can play a crucial role in sustaining bullish sentiment. He further explained that August has established a local peak, indicating that September may be forming a local bottom. In his analysis, this type of alternating cycle between peaks and troughs is common in the price behavior of Bitcoin, especially during transitional phases of the market.

Benjamin Cowen also points out that the beginning of September saw Bitcoin trading at lower prices than any recorded level in August. This highlights the speed of change in the market, with price movements shifting from bullish at the end of summer to more cautious as the new month begins. Analysts believe that the best scenario is if the monthly bottom of Bitcoin was established on September 1. If so, the buyers may soon regain confidence, stabilizing prices around the support zone of the bullish market. This development will create a healthier market structure and has the potential to lay the groundwork for the next price surge in the month. Historical Cycle Shows Q4 Rise If Support Is Maintained In his analysis, Benjamin Cowen explains that the ideal scenario for Bitcoin is to hold steady at the (SMA) 20-week Simple Moving Average throughout September. He notes 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 an important historical pattern to watch. Cowen emphasized that if Bitcoin cannot maintain the 20W SMA line, attention should shift to the 50W SMA line, which has always served as a solid foundation throughout the current bull market. This level remains an important safety net to sustain the broader upward momentum, even in the face of short-term weakness. As of September 3, 2025, Bitcoin is trading around 111,053 dollars, up 0.83% in the last 24 hours, with a daily high of 111,716 dollars and a low of 108,505 dollars, indicating moderate volatility. The 24-hour trading volume reached approximately 73.2 billion dollars, reflecting healthy market activity, while the market capitalization of Bitcoin stands at around 2.22 trillion dollars, solidifying its position as the leading cryptocurrency.