September to Mark Bitcoin’s Cyclical Low, Bull Run Nears Final Stages: Bitfinex Alpha

Bitcoin (BTC) has been in a corrective phase for roughly three weeks amid declining demand and rising selling ￰0￱ September has historically been a weak month for the digital asset, analysts believe the market could hit its bottom for this downturn as the month progresses. A weekly report by the crypto exchange Bitfinex revealed that September has marked cyclical lows in post-halving ￰1￱ lows are usually followed by a rally into the fourth quarter – these surges often mark the end of bull runs and the onset of bear cycles. So, September provides the foundation for renewed rallies into October and ￰2￱ to Hit Cyclical Low in September BTC recently fell below $110,000, even slipping under its January 2025 high of $109,590.

This range served as resistance for at least six months before bitcoin broke it in ￰3￱ BTC has ended a third consecutive week of decline from the $123,640 all-time high (ATH), market participants wonder if this is a temporary pause or the beginning of a deeper ￰4￱ the speculation, Bitfinex analysts have identified some factors that suggest the market is in the late stages of its corrective phase. Notably, pullbacks from cycle highs average around 17% peak-to-trough before new ATHs are eventually ￰5￱ BTC already 13% down from its recent ATH, there may still be a little room for more downside. Regardless, BTC is nearing the upper limit of this corrective ￰6￱ substantiate its claims, Bitfinex cited the Cost Basis Distribution (CBD) ￰7￱ metric shows where supply is concentrated across BTC acquisition prices, revealing the levels at which large portions of coins were last moved.

This, in turn, highlights natural support and resistance ￰8￱ Experience Pullback Currently, BTC is trading at $110,000, a level below the lower boundary of a gap created when its price rallied sharply without substantial ￰9￱ gaps have historically been revisited and filled – this is why analysts have been expecting the ongoing ￰10￱ gap has been gradually getting filled, with the ongoing retracement triggering the redistribution of supply at discounted ￰11￱ a dense supply clutter between $93,000 and $110,000, the market would require either a wave of acute short-term sell pressure or an extended demand pause for a deeper correction to occur. Meanwhile, altcoins have not escaped unscathed in this ￰12￱ altcoin sector endured a challenging week, with most of the top ten major assets experiencing significant declines in ￰13￱ (ETH), for one, recently hit an ATH, but tumbled afterward, despite persistent accumulation from institutions and exchange-traded funds.