September has long earned the nickname of ‘Red September’ among crypto traders. Historically, it’s one of the weakest months of the year.
Now, Bitcoin and other digital assets are once again flirting with red monthly candles – and the weakness could continue.
Recent Bitcoin Price Action Bucks Trend, But for How Long?
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.
Bitcoin’s momentum is weakening. Its RSI sits at 45, under the neutral line of 50, suggesting sellers hold the upper hand while buyers wait for oversold conditions. Without a strong trend, the picture reinforces a market in consolidation rather than one headed decisively up.
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.
Ether More Vulnerable as Red September Looms
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 ($HYPER) – Layer 2 for Faster, Better Bitcoin Network
Bitcoin Hyper ($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:
Native staking
Final settlement on Bitcoin with zk-proofs
Full DeFi integration
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.
The real power of $HYPER could lie in its ability to provide faster, cheaper Bitcoin transactions. No more painfully-slow Bitcoin transaction speeds, and no more crippling gas fees. With $HYPER, Bitcoin is ready for everyday transactions.
Check out how Bitcoin Hyper ($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.
Disclaimer: This content has been supplied by a third party contributor. Brave New Coin does not endorse or promote any products or services mentioned herein. Readers are encouraged to conduct independent research before making any financial decisions. The information provided is for informational and educational purposes only and should not be interpreted as investment advice.
