Bitcoin’s value has plummeted to $109,000 as the notorious “September curse” erases $1.7 billion in long positions.
While institutions are pulling out of ETFs, some analysts believe that fear could actually pave the way for a significant Bitcoin surge.
Historically, despite enduring losses every September, Bitcoin tends to average an 85% gain in Q4.
Analyst CRYPTOBIRB predicts a bullish final quarter of the year, driven by potential Federal Reserve rate cuts and increased demand amid limited supply.
The cryptocurrency market is experiencing turbulence once more as Bitcoin hovers around $109K. The infamous “September curse” seems to be at play again, causing retail traders’ confidence to waver after wiping out nearly $1.7 billion in long positions.
However, according to analyst CRYPTOBIRB, the focus should perhaps shift from September’s woes towards a potentially explosive Q4 for Bitcoin.
The Dreaded Month of September
Historically speaking, September has not been favorable for Bitcoin investors. Data from CoinGlass reveals that this month typically results in an average 6% loss across the crypto market. Although there were hopes that 2025 might break this trend with early gains showing promise—those gains have now vanished entirely.
This downturn isn’t solely affecting individual traders; institutional investors are also retreating. Over four consecutive days this week alone saw spot ETF withdrawals totaling $1.13 billion while Ethereum ETFs faced outflows amounting up-to-$795 million dollars too!
A Bearish Setup Leading To A Breakout?
Despite widespread panic among traders due largely because BTC dipped below its crucial support level ($112400), CRYPTOBIRBs analysis suggests things aren’t quite so bleak on higher timeframes where stability remains intact even if chart patterns appear shaky right now—with next key support resting around just above current price levels ($104k).
The Relative Strength Index (RSI) indicates waning momentum sitting at only thirty-eight points currently which hints towards possible future volatility between ranges spanning roughly between one hundred eight thousand dollars all way up till one hundred fifteen thousand mark instead!
A Promising Fourth Quarter For Cryptocurrency Enthusiasts
CRYPTO BIRBs optimistic outlook anticipates strong performance during upcoming months fueled primarily by factors such as expected interest rate reductions courtesy federal reserve alongside weakening US dollar making risky assets more attractive coupled together supply-demand imbalances wherein projected institutional appetite exceeds available new BTC issuance significantly reaching three trillion versus seventy-seven billion annually issued respectively!
Historical data supports these predictions too since two-thousand thirteen onwards average returns stand eighty-five percent within last quarter alone especially November contributing forty-six percent increase followed closely behind October delivering twenty-one point rise accordingly!
Currently priced approximately one-hundred nine-thousand five-hundred ninety-dollar mark reflecting slight uptick over past day or so however majority attention remains firmly fixed upon what lies ahead come next few weeks indeed…