Bitcoin in red September – why is there fear regarding BTC now

The cryptocurrency market stumbles at the beginning of September – precisely in the “problematic month” for Bitcoin and other cryptos.

Bitcoin, Ethereum, and XRP currently look like they're walking on thin ice – almost motionless, but the uncertainty is palpable. Technical indicators and the overall market sentiment do not bode well: a new price drop may be just around the corner.

Why is September so bad for Bitcoin

For years, September has been about as popular for crypto enthusiasts as Monday morning. Statistically, Bitcoin loses an average of 3.77% in this month – and this pattern has repeated with astonishing regularity since 2013. By the way, this effect is not exclusive to cryptocurrencies, as it was originally known in the stock market (S&P500 welcomes ).

The year 2025 begins in a similar way: the rates seem stable at first glance, but the indicators paint a gloomier picture. Analysts talk about “the calm before the storm” – referring to potential sell-offs brewing in the background.

“Red September” – a constant joke in the world of Crypto.

The term “Red September” has long been established in the community. The scheme is as follows: first, Bitcoin and other cryptos drop in September, and then in October, they often gain momentum again. Traders who know this rhythm literally wait for it: September becomes a month of buying, October – a month of harvesting. It sounds like a stock market cycle with a calendar function. In fact, this month has consistently delivered negative results for decades in “traditional” stock trading.

Sentiment towards Bitcoin and other cryptocurrencies? At the bottom.

The Crypto Fear and Greed Index provides the best reality check: back in mid-August it was at an euphoric level of 75 points, but now it has fallen to 39 – right in the fear zone. Psychology plays a huge role in the cryptocurrency market, and when sentiment shifts, it takes just a small push for a wave of selling. And this is what makes an already weak September so delicate. Therefore, investors should either take profits in the coming days or adhere to the already legendary advice “HODL”.

Macro Factor: Fed Adds Intrigue

As if that weren't enough, the global economy steps onto the stage. In mid-September, the US Federal Reserve will make a decision regarding interest rates. A likely decrease, which would usually be a tailwind. But: inflation still holds at 3.1%, which is above the target figure. This causes nervousness - while stock markets still optimistically nod, cryptocurrency remains in a suspended state between hope and anxiety.

Bitcoin – fluctuating around 108,000

Bitcoin is trading at approximately $108,842, slightly above an important support line. If it falls to $105,000, this could become a short-term catalyst for a decline. Indicators such as ADX and RSI indicate a sideways trend – no clear trend but also no reason for complacency.

Ethereum – glass ceiling at the level of 4,500 dollars

ETH is trading around $4,363 but has failed to break through resistance at $4,500 several times. Traders see this as a warning sign. Here, the indicators suggest that a breakout will happen soon – just the direction is still unknown. That is: either up or another floor down.

Ripple – stuck at the level of 2.76 dollars

XRP is treading water at the level of $2.76, showing even less strength than BTC and ETH. ADX at 19 = a clear sideways trend. Range traders are satisfied, trend hunters are yawning. But be careful: if the price falls below $2.50, the situation could deteriorate quickly.

What is happening with Doge?

While Bitcoin and others look tired, an old familiar meme hero appears: DOGE. But this time with reinforcements – namely MAXI DOGE, the “duck” among coins. Muscles instead of a pug, pumping instead of resting.

MAXI – more than just a meme

$MAXI does not just want to copy Doge, but to create an entire identity: discipline, profits, community. Each token represents the “gym mentality” of cryptocurrency – sweating, lifting, not giving up. Utility? No – this is about lifestyle. Planned partnerships, competitions, exclusive rewards for holders – in short, $MAXI wants to grow not only on the chart but also as a brand and movement. Investors with a steady hand can currently catch the opportunity to purchase tokens in the presale.

Now is the time to buy $MAXI in the presale.

Note: Investing is speculative. When investing, your capital is at risk. This website is not intended for use in jurisdictions where trading or investments are prohibited and should be used only by individuals and in a lawful manner. Your investments may not be protected by investor safeguards in your country or country of residence. Therefore, conduct your own due diligence. This website is available to you for free, but we may receive commissions from the companies we recommend on this site.

BTC0,34%
ETH0,08%
XRP0,04%
DOGE-0,33%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)