Invest in Bitcoin Now – Price Posting Best September Since 2016

As the end of September approached, Bitcoin (BTC) bulls were unable to maintain their grip on the $27,000 mark.

Bitcoin braces for three key candle closes

Data from Cointelegraph Markets Pro and TradingView tracked a cooling off for BTC price action ahead of the key September candle print.

The largest cryptocurrency remained up nearly 4% month-to-date, marking its most successful September since 2016, per data from monitoring resource CoinGlass.

Conversely, the quarterly performance for Q3 showed BTC/USD down 11.5% at the time of writing.

For traders and analysts, everything could change in the final hours of the monthly candle.

“In the past, a green September resulted in a green October, November and December as well,” popular trader Jelle noted in part of the day’s X analysis.

The day prior, Jelle predicted better conditions for Q4, including a breakout past $30,000 for the first time since early August.

For those looking to get involved in Web 3.0, understanding the key components and the potential of the Metaverse is essential. There are a number of ways to get on Web 3.0, and even more ways to get a job and invest in it.

“Textbook bearish technicals”

At the same time, Monitlonger and shorter timeframes are being closely watched.

The looming United States government shutdown could continue to weigh on Bitcoin prices unless a resolution is reached in time, according to Material Indicators co-founder Keith Alan. He added that there is a high probability that whales will be taking advantage of the Daily, Weekly, and Monthly candle closes.

An analysis of the BTC/USD order book on the Binance exchange revealed that bids were congregating around $26,800, with sellers waiting at $27,500.

Daan Crypto Trades, a popular trader, predicted that volatility will be low until just before the start of the new week. He informed his X subscribers that open interest has cooled down, so he does not expect any unusual price movements until Sunday.

The CME Group Bitcoin futures opening and closing prices could also act as magnets for the spot BTC price, as illustrated in a chart.