Projected Bitcoin Depth in September 2025: Pessimistic BTC Price Forecasts and Foundation Assessment
In the volatile world of cryptocurrencies, Bitcoin has been experiencing a rollercoaster ride in September. Here's a rundown of the latest developments.
Changelly's predictions for September point to a minimum target of $108,802 and average prices around $119,470. However, the market has shown signs of instability, with Bitcoin starting the month at $108,253 but recovering to $110,800 after a volatile session.
The dollar's weakness is evident despite a risk-off sentiment in equities. This contrasting trend could be attributed to the uncertain economic outlook, with factors such as reduced summer liquidity amplifying market volatility.
The key support level for Bitcoin is located in a range from $104,000 to $100,000. This range encompasses significant technical indicators, including the 200-day exponential moving average (200 EMA), the 50% Fibonacci retracement, the psychological six-figure level, and coincides with early and late June lows.
Legendary technical analyst Peter Brandt and cryptoanalyst MelikaTrader94 have warned of potential crashes. Brandt predicts a drop to $78,000 based on a 45-day head-and-shoulders pattern formation, while MelikaTrader94 foresees an imminent crash below $100,000 as bears take control.
On the other hand, InvestingHaven analysts have identified a primary "buy the dip" target between $78,000-$82,000. ITB Broker's analysis presents the most bearish scenario, suggesting that if the $105,000 support breaks, selling pressure could push Bitcoin to $96,000, with extreme downside potentially reaching $72,000-$75,000.
The Non-Farm Payrolls (NFP) data initially boosted Bitcoin due to higher Fed rate cut probability, but a sharp reversal occurred when only 22,000 jobs were added versus an expected 75,000. This unexpected figure has led to an increase in the market pricing for a 100% probability of a 25-basis-point Fed cut in September and a 14% chance of a 50-basis-point cut.
Amidst this uncertainty, institutional investors are rebalancing their portfolios before the fiscal year-end, and tax loss harvesting by investors is happening to optimize yearly returns.
James Butterfill from CoinShares sees potential for Bitcoin to correct to $80,000 if there's disappointment surrounding Trump's proposed crypto policies and doubts about their enactment.
Binance Technical Levels highlight the $105K-$100K threshold as the nearest critical zone requiring attention, aligning with the identified primary support range. The volatile reaction saw Bitcoin give back gains, indicating market uncertainty amid mixed economic signals.
Unemployment rose to 4.3% from 4.2% due to the NFP data. The bearish doji candle formation occurred below the support zone established since early July around $112,000, adding to the market's uncertainty.
In summary, Bitcoin's September journey has been marked by volatility and mixed predictions from analysts. As the market navigates through these uncertainties, investors and traders are advised to stay vigilant and make informed decisions based on the latest developments.
