{"id":13446,"date":"2023-09-30T12:40:42","date_gmt":"2023-09-30T12:40:42","guid":{"rendered":"https:\/\/www.cryptoheretostay.com\/?p=13446"},"modified":"2023-09-30T12:40:44","modified_gmt":"2023-09-30T12:40:44","slug":"bitcoin-price-posting-best-september-since-2016-as-btc-sellers-eye-27-5k","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=13446","title":{"rendered":"Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) bulls lost their grip on $27,000 into Sept. 30 as the monthly and quarterly close loomed large.<\/p>\n<p><em>BTC\/USD 1-hour chart. Source: TradingView<\/em><\/p>\n<h2>Bitcoin braces for three key candle closes<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView tracked a cooling off for BTC price action ahead of the key September candle print.<\/p>\n<p>The largest cryptocurrency remained up nearly 4% month-to-date, marking its most successful September since 2016, per data from monitoring resource CoinGlass. <\/p>\n<p><em>BTC\/USD monthly returns (screenshot). Source: CoinGlass<\/em><\/p>\n<p>Conversely, the quarterly performance for Q3 showed BTC\/USD down 11.5% at the time of writing.<\/p>\n<p><em>BTC\/USD quarterly returns (screenshot). Source: CoinGlass<\/em><\/p>\n<p>For traders and analysts, everything could change in the final hours of the monthly candle.<\/p>\n<p>\u201cIn the past, a green September resulted in a green October, November and December as well,\u201d popular trader Jelle noted in part of the day\u2019s X analysis. <\/p>\n<p>\u201cWill history repeat?\u201d<\/p>\n<p>The day prior, Jelle predicted better conditions for Q4, including a breakout past $30,000 for the first time since early August.<\/p>\n<p lang=\"en\" dir=\"ltr\">After months of accumulating coins, and slowly preparing us for the bull market, I think its time.<\/p>\n<p>Expecting Q4 to bring new strength &#8212; and a break of $30k.<\/p>\n<p>Send it.#Bitcoin pic.twitter.com\/vkl0aq5hRS<\/p>\n<p>\u2014 Jelle (@CryptoJelleNL) September 29, 2023<\/p>\n<h2>\u201cTextbook bearish technicals\u201d<\/h2>\n<p>Meanwhile, Monitlonger and shorter timeframes.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin halving to raise \u2018efficient\u2019 BTC mining costs to $30K<\/em><\/strong><\/p>\n<p>Beyond the monthly and weekly close, the impending United States government shutdown should continue to suppress BTC price action unless a solution is found in time, it added.<\/p>\n<p lang=\"en\" dir=\"ltr\">We are heading into the last #trading day of the month with textbook bearish Technicals from the Key Moving Averages on Daily, Weekly and Monthly TFs and #TrendPrecognition is flashing a new #TradingSignals on the #BTC Daily chart as if it knows we have a looming U.S.\u2026 pic.twitter.com\/l9Mm2SHyFu<\/p>\n<p>\u2014 Material Indicators (@MI_Algos) September 30, 2023<\/p>\n<p>\u201cThere is a high probability that killer whales will be amping up the weekend whale games around Daily, Weekly, and Monthly candle closes. Don\u2019t get lured into a trap,\u201d part of additional commentary from Material Indicators co-founder Keith Alan read.<\/p>\n<p>A snapshot of the BTC\/USD order book on the largest global exchange Binance showed bid liquidity congregating around $26,800. Sellers meanwhile lay in wait at $27,500.<\/p>\n<p><em>BTC\/USD order book data for Binance. Source: Material Indicators\/X<\/em><\/p>\n<p>Others, such as popular trader Daan Crypto Trades, expected less volatile conditions until immediately before the new week.<\/p>\n<p>\u201cWe\u2019ve had volatility last week but open interest has cooled down so I doubt we\u2019ll get any strange price action until maybe later on Sunday,\u201d he told X subscribers on the day.<\/p>\n<p>An accompanying chart showed the CME Group Bitcoin futures opening and closing prices potentially acting as a magnet for BTC spot price \u2014 a common phenomenon.<\/p>\n<p><em>BTC\/USD annotated chart. Source: Daan Crypto Trades\/X<\/em><\/p>\n<p class=\"post-content__disclaimer\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-best-september-since-2016\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) bulls lost their grip on $27,000 into Sept. 30 as the monthly and quarterly close loomed large. BTC\/USD 1-hour chart. Source: TradingView 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13447,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-13446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13446"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13446\/revisions"}],"predecessor-version":[{"id":13448,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/13446\/revisions\/13448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/13447"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}