Bitcoin News Today: September Could Be the Month Bitcoin Reclaims Its Throne

Bitcoin's Relative Strength Index (RSI) has drawn attention as it approaches levels typically associated with oversold conditions, fueling speculation about a potential rebound in the coming months. As of the latest data, Bitcoin (BTC) is trading near $108,744, with an RSI of 38.62, signaling a possible shift in market sentiment. While not yet in oversold territory, this level suggests that short-term corrections may be nearing a bottom, particularly if broader market conditions remain volatile. This development has prompted analysts to speculate on a potential September rebound, especially if demand for speculative crypto-related stocks weakens [1].

Technical indicators further underscore the uncertainty in Bitcoin’s price movement. The Moving Average Convergence Divergence (MACD) currently stands at -1,884.37, indicating a bearish momentum trend, while the RSI remains in a critical range that has historically signaled potential reversals. Bitcoin’s price has been trading below its shorter-term moving averages, such as the 7-day and 20-day simple moving averages (SMA), which implies a bearish bias in the near term. However, the 200-day SMA remains below current levels, offering a potential floor for long-term holders [2].

The recent underperformance of Bitcoin relative to other major cryptocurrencies has also drawn scrutiny. Over the past two months, Bitcoin has barely moved by less than 1% in contrast to Ethereum’s 74% surge. This divergence has led to a decline in Bitcoin’s market dominance, dropping by over 5% in a single month, according to data from TradingView. Some traders attribute this shift to increased interest in Ethereum and a growing appetite for alternative crypto assets, particularly among retail investors [4].

Despite these challenges, the market remains in a state of anticipation ahead of the Federal Reserve’s upcoming policy meeting scheduled for September 16–17. A potential rate cut could create a more favorable environment for Bitcoin, which historically performs better in pro-liquidity conditions. Matthew Sigel of VanEck noted that while excessive leverage is not currently a concern, the performance of new crypto stocks—many of which rely on retail demand—could influence Bitcoin’s trajectory if investor enthusiasm wanes [4].

Bitcoin’s long-term fundamentals remain intact, with its price reaching an all-time high of nearly $125,000 earlier in August. Over the past year, Bitcoin has posted a 12.93% gain, and its total market capitalization currently stands at $2.14 trillion, underscoring its enduring appeal despite short-term volatility. Institutional investors, such as MicroStrategy, continue to accumulate Bitcoin, recently purchasing an additional 430 BTC for $51.4 million, bringing their total holdings to over 629,000 BTC [2].

Looking ahead, September has historically been a challenging month for Bitcoin, with an average 3.7% decline since 2013. However, October has traditionally been a rebound period, with the asset posting gains in all but two years. Traders are closely monitoring the ETH-BTC ratio, which compares Ethereum’s performance to Bitcoin. A declining ratio suggests that Bitcoin could see a resurgence in dominance in September, particularly if Ethereum cools off and investor sentiment shifts back to Bitcoin [4].

In summary, Bitcoin’s RSI positioning near oversold territory, combined with bearish technical indicators and shifting investor sentiment, points to a market at a potential inflection point. While short-term bearish momentum remains, the possibility of a September rebound is being closely watched, especially in light of macroeconomic developments and institutional activity. Traders are advised to remain cautious and to consider both technical and fundamental factors when evaluating their positions.

Source:

[1] Bitcoin's RSI Signals Potential Rebound Amid Market Uncertainty (https://meyka.com/blog/rsi-news-today-bitcoins-rsi-signals-potential-rebound-amid-market-uncertainty-3108/)

[2] Bitcoin RSI Hits 38.62 as BTC Price Consolidates Near $108k (https://blockchain.news/news/20250831-bitcoin-rsi-hits-3862-as-btc-price-consolidates-near-108k)

[3] Bitcoin RSI Divergence: Key Insights and What It Means for Traders (https://www.okx.com/zh-hans/learn/bitcoin-rsi-divergence-price-movements)

[4] Bitcoin lost 7% in August while Ethereum gained 17%, but traders eye a September rebound (https://www.mitrade.com/insights/news/live-news/article-3-1083062-20250901)