September is traditionally a challenging month for Bitcoin, which is currently showing new lows with expectations of further price declines.
Current Price Situation of Bitcoin
Bitcoin started the week at a low of $107,270, showing a slight recovery but continues to encounter heightened volatility typical during low-volume trading periods such as holidays. Some market participants are eyeing a retest of the support level at $100,000.
Impact of Tariff Changes and Market Data
Recent court ruling regarding US tariffs has thrown uncertainty into the market. President Trump has signaled a desire to maintain tariff policies, coinciding with the Federal Reserve's preparation to release key labor data ahead of an anticipated interest rate decision.
September Seasonality and Its Implications for Bitcoin
September historically marks a weak month for Bitcoin, often leading to negative returns and subdued bullish activity. Analysts noted that August closed with a fourth consecutive monthly loss, reinforcing the established seasonal pattern. Investors speculate that post-halving Bitcoin dynamics may evolve due to increased institutional participation.
Given the current market conditions, investors should remain vigilant to changes in macroeconomic factors and Bitcoin's seasonal characteristics. These trends will dictate the market's behavior throughout the remainder of the year.
