In September, the periodicity of tagged Bitcoin is low, and the bull run is approaching the final stage: Bitfinex alpha

Bitcoin (BTC) is in the correction phase for about three weeks in a drop in demand and sales pressure. Although September has been a weak month in history for digital assets, analysts believe that the market could put the lowest point in this recession as the month develops.

September marks a cyclical low in late years, a weekly report by crypto exchange Bitfinex shows. These lows usually gather in the fourth quarter – these trends usually mark the end of the bull run and the onset of the bear cycle. Therefore, September provides the basis for re-rallying in October and November.

BTC’s cyclical downturn in September

BTC has recently fallen below $110,000 and has even slipped down $109,590 from its January 2025 high. The series became resistance for at least six months before Bitcoin broke the Bitcoin in July. As BTC has ended from the historic $123,640 (ATH) for the third week in a row, market participants wonder if this is a temporary pause or the start of a deeper correction.

In speculation, Bitfinex analysts have identified factors that indicate the market is in the late stages of its correction phase. It is worth noting that the callback at the loop high averages about 17% before finally reaching a new ATH. Since BTC has fallen by 13% over recent ATH, there is still room for some downsides. In any case, BTC is close to the upper limit of this correction phase.

To confirm its claim, Bitfinex cites the Cost Base Distribution (CBD) heatmap. This metric shows where supply is concentrated between BTC acquisition prices, revealing the level of last moving large quantities of coins. This, in turn, highlights the natural support and resistance zones.

AltCoins experience callback

Currently, BTC is trading at $110,000, below the level of the decline in the gap, when its prices gathered sharply without a large supply. These gaps have been historically re-examined and filled – which is why analysts have been expecting a continuous reduction.

The gaps are gradually filled, and the ongoing answers trigger the redistribution of supply at a discounted price. With supply between $93,000 and $110,000, the market will need a wave of acute short-term selling pressure or widening demand pauses for deeper corrections.

Meanwhile, AltCoins is not unscathed in this reduction. The Altcoin industry has had a challenging week with most of the top 10 major assets falling in value. Ether (Eth), hit ATH the most recent time, but fell afterward despite the continued accumulation of funds traded by institutions and exchanges.