Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

China Attempting To Become Custodian of Foreign Gold Reserves in Move To Lessen Dependence on Western Financial System: Report

16/10/2025

Are miners now net accumulators? Marathon adds 400 BTC after the crash

16/10/2025

Platform Stays Strong Amid Market Volatility

16/10/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Can Ethereum Price Form Historic Highs Following Bitcoin’s Recent ATH?

    14/10/2025

    Ethereum Hits Same Resistance Four Times – What Happens After Multiple Rejections?

    14/10/2025

    Trend Research Moves Over $640M in Ethereum to Binance as Selling Pressure Builds

    14/10/2025

    Ethereum price prediction as whales scoop 800k ETH in a week

    14/10/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT markets rebound after $1.2B wipeout in Friday’s crypto crash

    15/10/2025

    OhBaby Games NFT Mint Offers GameFi Bulls a Glimmer of Hope

    15/10/2025

    Crypto Community Mourns Passing of RTFKT Co-Founder Benoit Pagotto

    13/10/2025

    Pudgy Penguins waddle higher despite overall NFT sales slump

    12/10/2025

    China Attempting To Become Custodian of Foreign Gold Reserves in Move To Lessen Dependence on Western Financial System: Report

    16/10/2025

    Are miners now net accumulators? Marathon adds 400 BTC after the crash

    16/10/2025

    Platform Stays Strong Amid Market Volatility

    16/10/2025

    Crypto treasury share buybacks could signal a ‘credibility race’ is on

    16/10/2025
  • Blockchain

    WhiteBridge Taps Maiga AI for Secure and Transparent AI-Powered Web3 Ecosystem

    15/10/2025

    Ripple CTO Recalls Earliest Moment of Internet: Details

    15/10/2025

    From Wallets To Passports To Monetization: Your Identity Reimagined

    15/10/2025

    ZKPassport Founders Spotlight Noir Ecosystem Growth

    15/10/2025

    Verifiable AI took center stage at DAS London with EigenCloud

    15/10/2025
  • DeFi

    Platform Stays Strong Amid Market Volatility

    16/10/2025

    Is DeFi about to break?

    16/10/2025

    Aave freezes PYUSD markets after unprecedented 300T mint and burn

    15/10/2025

    Societe Generale-FORGE and Bitpanda Expand Partnership to Bring Regulated Stablecoins to DeFi

    15/10/2025

    Regulated stablecoins in DeFi: bank-backed tokens and regulation

    15/10/2025
  • Metaverse

    Metaverse will revolutionize learning in the same way as Sesame Street

    10/10/2025

    Dogelon Mars Recent Metaverse Updates

    26/09/2025

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025
  • Regulation

    China Attempting To Become Custodian of Foreign Gold Reserves in Move To Lessen Dependence on Western Financial System: Report

    16/10/2025

    Crypto treasury share buybacks could signal a ‘credibility race’ is on

    16/10/2025

    SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, and XLM

    15/10/2025

    There is a Possibility of a Government Shutdown – Here’s How It Will Affect the Economy

    15/10/2025

    Nine European Banks Join Forces To Issue MiCA-Compliant Euro Stablecoin

    15/10/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    MiniPay Woos Freelancers with Stablecoin-Backed Virtual Dollar, Euro Accounts

    15/10/2025

    FTX Creditor Sunil Kavuri Explores SBF Psychology in New Podcast Episode

    15/10/2025

    Binance Wallet rolls out ‘Meme Rush’ for early token launches

    15/10/2025

    Why Lighter May Answer Ethereum’s PerpDEX Problem

    15/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Axie Infinity Introduces New Community Bounties and Expands Axie Quest

    14/10/2025

    ‘Eve Frontier’ Jumps Ship from Ethereum to Sui—Here’s Why

    13/10/2025

    TrustyFi Joins Forces with R Games to Transform the Future of GameFi Transparency

    11/10/2025

    Tezos Shooter ‘Reaper Actual’ From EverQuest Co-Creator Enters Alpha Playtesting

    08/10/2025

    Are miners now net accumulators? Marathon adds 400 BTC after the crash

    16/10/2025

    Russian authorities bust massive crypto farm in Irkutsk

    16/10/2025

    Terawulf Plans Record $3.2B Notes Offering to Fund AI Data Center Expansion

    15/10/2025

    How $800 hardware can sniff Bitcoin miner traffic via satellite

    14/10/2025

    India cracks down on wealthy investors over crypto tax evasion

    15/10/2025

    State of Crypto: Market Structure Negotiations?

    15/10/2025

    Is a Presidential Pardon in the Works for Binance Founder CZ?

    15/10/2025

    US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales

    15/10/2025

    China Attempting To Become Custodian of Foreign Gold Reserves in Move To Lessen Dependence on Western Financial System: Report

    16/10/2025

    Are miners now net accumulators? Marathon adds 400 BTC after the crash

    16/10/2025

    Platform Stays Strong Amid Market Volatility

    16/10/2025

    Crypto treasury share buybacks could signal a ‘credibility race’ is on

    16/10/2025
  • MarketCap
NBTC News
Home»Bitcoin»How September’s Close Could Change Everything
Bitcoin

How September’s Close Could Change Everything

NBTCBy NBTC27/09/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Renowned crypto analyst Rekt Capital has recently highlighted the pivotal nature of the Bitcoin price’s imminent monthly candle close. In a statement via X (formerly Twitter), he detailed that Bitcoin has tagged the $27,000 monthly level from the underside, meaning it is acting as resistance for the time being.

He explained that “the upcoming monthly candle close is just around the corner. Bitcoin needs to monthly close above $27,091 for this to be a fake-breakdown. Otherwise, the breakdown will be technically confirmed.”

To give this statement some historical context, the preceding month – August – saw a significant development for the flagship cryptocurrency. BTC registered a bearish monthly candle close, finishing below approximately $27,150. This data point, according to Rekt Capital, effectively confirmed it as lost support.

Reflecting on this development at the time, the analyst had conveyed that it is possible BTC could surge to $27,150, “maybe even upside wick beyond it this September. But that would likely be a relief rally to confirm $27150 as new resistance before dropping into the ~$23000 region. $23000 is the next major Monthly support now that ~$27150 has been lost.”

Bitcoin price analysis by @rektcapital

Is Bitcoin Following Historical Patterns?

Rekt Capital’s observations about Bitcoin aren’t made in isolation but are deeply rooted in Bitcoin’s historical price and cycle behaviors. Drawing parallels to previous patterns, he had previously shed light on Bitcoin’s tendencies around 200 days before a halving event.

“At this same point in the cycle (~200 days before the halving): In 2015, Bitcoin retraced -24% within a re-accumulation range, but price consolidated for months going into the halving. In 2019, Bitcoin retraced -37% as part of a downtrend that continued for months going into the halving.”

These historical retracements at a similar juncture have given rise to two essential insights, as stated by Rekt Capital. First, an immediate retracement has occurred at this same point in the cycle. Second, a repeated retrace of between -24% to -37% in 2023 would lead Bitcoin to retest its macro higher low, possibly pushing its price under the $20,000 threshold.

Bitcoin historical pattern
Bitcoin is ~200 days before the halving | Source: X @rektcapital

The analyst didn’t stop there. Accentuating the ideal accumulation phases for investors, he noted, “The best time to accumulate Bitcoin was in late 2022 near the bear market bottom. The second best time to accumulate Bitcoin is upon a deeper retracement in the pre-halving period.”

Shifting the focus to potential future outcomes, Rekt Capital made an intriguing speculation about the potential of BTC’s price movement post-halving: “If ~$31000 was the top for 2023. Then the next time we see these prices will be months from now, just after the halving. Only difference between now and then? In this pre-halving period, BTC could still retrace from here. But after the halving, BTC would break out much higher from current prices.”

To summarize, the upcoming monthly candle close for Bitcoin could have profound implications for the asset’s short-to-mid-term trajectory. All eyes will now be on whether BTC manages to close above or below the critical $27,150 mark – an indicator that could either confirm a technical breakdown or prevail over a historically untypical price rally.

At press time, BTC stood at $26,687.

Bitcoin price
BTC price sees slight uptick, 1-day chart | Source: BTCUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

China Attempting To Become Custodian of Foreign Gold Reserves in Move To Lessen Dependence on Western Financial System: Report

16/10/2025

Are miners now net accumulators? Marathon adds 400 BTC after the crash

16/10/2025

Platform Stays Strong Amid Market Volatility

16/10/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.