NaijNaira
Bitcoin enters September with growing optimism that its performance could flip from weakness to strength after months of sluggish momentum — www.naijnaira.com reports.
Data from TradingView shows Bitcoin lost more than 5% market share in August, trailing Ethereum’s rapid climb during the summer.
Analysts now believe that September could set the stage for a turnaround as traders look for stability in BTC while altcoins cool off, according to Cointelegraph.
Rails CEO Satraj Bambra noted that the “ETH-BTC should cool off,” hinting at a possible shift in relative strength back to Bitcoin.
Fundstrat’s Tom Lee told CNBC that Bitcoin is “structurally set up for a breakout,” pointing to ETF inflows and institutional demand as evidence that “Bitcoin’s fundamentals are stronger than ever.”
He argued that BTC’s historical October rallies, where average gains topped 20% since 2013, could follow a resilient September base.
The Federal Reserve’s September 16–17 meeting is also on the radar, with expectations that dovish comments or hints at rate cuts could create a supportive backdrop for crypto markets.
VanEck strategist Matthew Sigel suggested that fading hype in newly listed crypto stocks might redirect capital toward Bitcoin instead.
Despite risks tied to broader equities and global volatility, BTC’s reputation as a safer crypto asset may help it attract cautious investors seeking short-term upside.
September might not deliver explosive gains, but many traders see it as the month that sets up Bitcoin’s potential for a stronger Q4 rebound.
