Bitcoin is currently at $110,000, within its Bull Market Support Band, a crucial level for the bullish cycle. This technical zone combines the 20-week SMA and 21-week EMA, providing investors with a safety cushion. September, historically a weak month, could offer a strategic accumulation opportunity before year-end rallies.
Bitcoin is engaged in a decisive battle at $110,947, hovering just above its Bull Market Support Band (20-week SMA at $110,000 and 21-week EMA at $108,000). As long as BTC remains above this key technical zone, the bullish trend remains intact. The immediate bounce from the $107,500 low demonstrates the strength of institutional demand, transforming this zone into an accumulation opportunity rather than an exit signal.
Sustained maintenance above $110,000 will be crucial to confirm the technical rebound. If validated, the market could target the all-time highs at $124,000. Conversely, a breakdown below the band would open the path to the critical support at $97,000, corresponding to the 50-week SMA, a level that has never been breached during this bull cycle.
September historically remains Bitcoin’s weakest month, with an average performance of -3.33% since 2013 and 10 of the last 15 months closing in the red. However, past cycles (2017, 2020, 2021) show that these September corrections have often served as springboards for October-November rallies, offering accumulation opportunities for patient investors.
The early dip to $107,500 on September 1st suggests that seasonal weakness might already be behind us. However, the risk window could last until the end of September. Stabilization above $110,000 would confirm this bullish reversal, while investors should stay attentive to volume and BTC dominance to definitively validate the anticipated bottom scenario.
The $110,000 zone represents a historic opportunity for strategic investors. The convergence of major technical support, seasonal weakness, and bullish historical patterns creates an exceptional setup, though it requires risk management adapted to September’s volatility.
Bitcoin ETFs recorded $332 million in inflows, confirming institutional demand. Post-halving cycles suggest that September often offers the last entry point before Q4 rallies. However, seasonal weakness may last until the end of September, and a breakdown below $108,000 (21-week EMA) could bring BTC back to $97,000, offering an additional buying opportunity.
Given this exceptional technical configuration and favorable historical patterns, Bitget offers optimal tools for a September Bitcoin accumulation strategy:
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