Can Bitcoin(BTC) Hit $124K Before September Ends?
- Currently, Bitcoin is trading at $109.57 in a bullish trend over the past 24 hours.
- The technical indicators show September as a weak month as the price drops around 5.5%.
- Predictions and analysts point to a bullish scenario, hoping for a 5.8% increase in the month-end.
The world’s largest cryptocurrency, Bitcoin (BTC), which was created in 2009, has now become the king of the crypto world. The coin stands out as a scarce and institutionally adopted ” digital Gold” with a fixed supply, which makes the coin different from other altcoins. At press time, Bitcoin is trading at $109.57K with a mini drop from its peak.
Bitcoin’s Rebound after a Mini Drop
According to the current data curated from CoinMarketCap, BTC is in a bullish trend. While analysing the chart, we can see that BTC had a slight drop in the afternoon. It has dropped below $109K and has now recovered the momentum. Current price, which is above $109.52, signals a green or bullish trend in the very short term.
BTC’s Monthly Performance
According to the TradingView chart, September has been a weak month. At the beginning of September, Bitcoin was trading near $116K.Now the current price in today coming to September 28 was around $109.4K, it is roughly a drop of 5.5% for this month
The current support is at $108K, resistance is at $111.9k.While taking the case of indicators price is below the Moving Average.MACD also signals a bearish momentum. The histogram is red, and the blue line is below the orange line, suggesting no bullish crossover in sight.IF the trend remains bearish, BTC has to hold at $108K, which is critical for avoiding a deeper correction.
Also Read: Bitcoin Skyrockets: Can BTC Hit $150K by Year-End?
Predictions Point to a 5% Increase Before September Closes
According to the forecast from Coincodex, there is a 5.8% chance of an increase in BTC’s price. September 30 is more profitable than others. Bitcoin may reach $115,792 on September 30, as the table shows, which is an increase of 5.8% calculated from the current price ($109,451).
Also Read: Bitcoin (BTC) at a Crossroads: Will $109,000 Support Hold or Break?
Analysts Point to a Rebound to $115K
According to Crypto analyst Ali charts, Bitcoin might be in a bullish momentum with certain conditions fulfilled. If BTC defends at $107.2, there might be a chance of a rebound to $115K to $123K.In other words, the tweet signals bullish but conditional.
In conclusion, analysing the charts and predictions, Bitcoin might overcome the September loss within 30 September with an increase of 5.8% .it might reach $$115,792; it’s unlikely to hit $124K in this month.
Also Read: Will Bitcoin (BTC) Reach New ATH in September 2025?
