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Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Bitcoin Faces Make-Or-Break Moment In September – Here’s Why

Semilore Faleti
Semilore Faleti
1 week ago
2 mins read
bitcoin

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Bitcoin prices have now crashed by over 4% after reaching a new all-time high on August 14. The crypto market leader remains in consolidation, potentially gathering momentum for the next leg up. Amidst this stable market structure, a popular trading expert with the X username KillaXBT provides insights into possible price developments for the next month.

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1 week ago

CRT Model Flags September As Pivotal For Bitcoin’s Bull Cycle

In an X post on August 15, KillaXBT outlines potential BTC price trajectories via in-depth technical analysis of the monthly chart. Using the candle range theory (CRT), the renowned analyst postulates that the premier cryptocurrency would be entering a pivotal month in September during which it could produce a cycle top.

Looking at the asset’s performance in August, KillaXBT notes that Bitcoin formed a monthly low at $111,986, before reclaiming its monthly open at $115,747 and even surging higher in line with previous predictions. Notably, the premier cryptocurrency swept above its previous all-time high before experiencing a crash by over 4%

Bitcoin
Source: @KillaXBT

Based on the monthly chart, the renowned analyst also explains that the Bitcoin market has now experienced five consecutive green monthly candles. However, the recent rejection indicates that price movement and momentum are taking on a parabolic curve. Therefore, price movement in September presents a crucial moment to confirm market direction.

For this next month, KillaXBT nudges investors to watch whether BTC can hold above the current monthly open at $115,747. A sustained hold could pave the path for a move toward the $125,000–$127,000 regions, representing a marginal extension of the rally and potentially setting up another test of investor conviction at higher prices.

However, KillaXBT also warns that Bitcoin opening the month of September with a new all-time high may not necessarily signal an uptrend continuation, but also indicate the cycle top. On the other hand, a breakdown below the monthly open would expose BTC to downside risk, with $111,986, the monthly low, acting as the first major support. It is worth stating that a loss of that level could accelerate a corrective phase.

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Bitcoin Price Overview

At the time of writing, Bitcoin is trading at $117,559, reflecting a slight 0.66% price decrease in the past week. On larger timeframes, the premier cryptocurrency also reflects marginal price changes of +0.78% and -1.36% on the weekly and monthly charts, underscoring a choppy market environment despite recently setting new all-time highs.

Bitcoin
BTC trading at $117,583 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from Pexels, chart from Tradingview

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Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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