Now, Bitcoin and other digital assets are once again flirting with red monthly candles – and the weakness could continue.
Coming off highs around $115K, Bitcoin slid to close near $112, briefly touching lows close to $111K. The $112K zone now acts as a critical line in the sand. If that fails, stronger psychological support lies around $108.5 – or even lower.
That’s despite September so far being positive for Bitcoin – a rare exception to the general trend.
But even upside appears to be limited; resistance remains near $115K, with more meaningful upside capped around $118K.
On the brighter side, Bitcoin’s 50-day EMA remains above the 200-day EMA, a classic bullish structure – but the current price trading well below the 50-day EMA is a red flag.
Volatility is depressed, and a breakout could come – in either direction.
Ethereum has taken a sharper hit: dropping 7% in a week to around $4,199.
The steep hit to the token’s price has stopped, but the price remains relatively flat, battling new anxiety among traders. That’s despite traditional finance markets like the S&P 500 being near record highs and showing resilience.
Crypto’s Fear & Greed Index remains neutral but is sliding; there’s no panic – yet – but no exuberance either. The contrast is stark: while equities are climbing, digital assets are under pressure.
Will any one factor be enough to shift Bitcoin back upwards? And if so, could Bitcoin Hyper ($HYPER) be exactly what Bitcoin needs?
Bitcoin Hyper ($HYPER) delivers exactly what Bitcoin needs to break out of a Red September slump. With lightning-fast transaction speeds powered by the Solana Virtual Machine (SVM) and a Bitcoin Canonical Bridge, $HYPER deploys cutting-edge architecture to offer a hybrid solution.
And with the native speed and flexibility of the SVM, combined with the reliability of Bitcoin, $HYPER could be just the boost that Bitcoin needs:
The presale is drawing heavy investor attention, as investors realize just how big the project could be. Over $17.7M has come in already, with tokens priced at $0.012965.
Check out how Bitcoin Hyper ($HYPER) works at the presale page.
If Bitcoin holds near $112K, a bounce back towards $115K to $118K could be possible, especially if volatility returns. But if support fails, then the $108K area becomes a key target
September might yet live up to its warning. Meaning that traders and investors alike should keep a close eye on critical support zones and sentiment metrics. What happens in the next few days may define the tone for the rest of the month – and quite possibly set up $HYPER for launch.
Also read: Crypto News Today: Chainlink Rose Too Fast Say Experts As PayFi Altcoins Such As Remittix Surge Up Crypto Rankings
