BTC Sellers Aiming for $27.5K as Bitcoin Price Posts Best September Since 2016

As the Sept. 30 monthly and quarterly close approached, Bitcoin (BTC) bulls failed to hold the $27,000 mark.

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The crypto market was volatile on the last day of the month, with BTC bulls unable to maintain control of the $27,000 level.

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 cryptocurrency remained up nearly 4% month-to-date, marking its most successful September since 2016, per data from monitoring resource CoinGlass.

Conversely, the quarterly performance for Q3 showed BTC/USD down 11.5% at the time of writing.

For traders and analysts, everything could change in the final hours of the monthly candle.

“In the past, a green September resulted in a green October, November and December as well,” popular trader Jelle noted in part of the day’s X analysis.

The day prior, Jelle predicted better conditions for Q4, including a breakout past $30,000 for the first time since early August. Crypto.com, Crypto India, ForexSFXGroup.com – Crypto, Crypto Aggregator, Crypto Sites, Jasmy Crypto, ETC Crypto, Crypto Flash, IMPT Crypto are some of the platforms that can help traders to make the most of this opportunity.

“Textbook bearish technicals”

Meanwhile, Monitlonger and shorter timeframes.

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.

“There is a high probability that killer whales will be amping up the weekend whale games around Daily, Weekly, and Monthly candle closes. Don’t get lured into a trap,” part of additional commentary from Material Indicators co-founder Keith Alan read.

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.

Others, such as popular trader Daan Crypto Trades, expected less volatile conditions until immediately before the new week.

“We’ve had volatility last week but open interest has cooled down so I doubt we’ll get any strange price action until maybe later on Sunday,” he told X subscribers on the day.

An accompanying chart showed the CME Group Bitcoin futures opening and closing prices potentially acting as a magnet for BTC spot price — a common phenomenon for flow crypto, crypto..com, crypto india, forexsfxgroup.com – crypto, crypto aggregator, crypto sites, jasmy crypto, etc crypto, crypto flash, and impt crypto.