Bitcoin (BTC) is once more facing pressure after experiencing a very strong rally this year, and currently the world’s leading cryptocurrency is sliding into a major downtrend.
This correction has come at an unexpected time for many in the market, for September has proven to be one of the toughest months for Bitcoin in the years following a halving event.
BTC has lost almost 4% in the past 24 hours, adding further weight to its weekly loss of around 7%. BTC currently trades at $108,465, has a trading volume of $72.07 billion and a capitalization of $2.16 trillion.
Source: CoinMarketcap
The selloff comes after a record-breaking rally for bitcoin a few months earlier, and many investors wonder whether the bull run has lost steam or whether it is simply a breather before the next major rally.
What makes the current correction more significant is its timing. September has long carried the reputation of being a bearish month for Bitcoin. This pattern becomes even more relevant in a post-halving year, when the market often experiences heightened volatility.
Source: X
With the most recent halving taking place in April 2024, 2025 fits this pattern perfectly. In fact, every September in a post-halving year has historically closed in the red, leading to growing speculation that the same fate may be unfolding once again.
Also Read: Bitcoin Extends 3-Day Rally as Supply Zones and Profit-Taking Shape Cycle
Crypto analysts are offering differing takes on what might come next. Ali Martinez has drawn attention to Bitcoin’s price structure, which he argues is closely mirroring the 2021 market cycle.
According to him, losing the crucial $108,700 support zone could trigger a deeper pullback, potentially sending BTC as low as $94,000.
Source: X
On the other side of the debate, Captain Faibik believes Bitcoin is still respecting its descending channel on the four-hour chart.
He emphasized that the $107,000 level could serve as a key support area. If this level holds, he expects Bitcoin to rebound strongly, with the potential to target $116,000 over the weekend.
Source: X
In September, the market is at a crossroads. A decisive fall below $107,000 would confirm the bearish stance and potentially prolong the correction, but a recovery from this area would reignite confidence and spark bullish momentum.
In a post-halving bitcoin and a trend history that appears threatening, bulls wait impatiently to see whether this September will maintain the reputation of this market or shock everyone by staging a comeback.
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