Key Levels to Buy Bitcoin in September

While cryptocurrency enthusiasts and market participants have been enjoying the bullish rebound following the sharp correction from late July and early August, the current price trend indicates that a short-term decline may occur before a potential rise.

In such a scenario, investors and traders should remain calm and focus on the key levels for buying Bitcoin in September identified by our team of analysts.

Daily time frame analysis

BTCUSD - 1 Day Time Frame

During the recent bullish countermove, two distinct Fair Value Gaps (FVGs) formed, which can be identified as support zones. The first of these gaps was filled by a strong bearish candle on Tuesday, August 27, causing bearish price pressure to halt at the internal higher low, where prices have since stabilized.

The closure of this FVG has created an Inversion Fair Value Gap (IFVG), establishing a resistance zone. A short-term decline is likely as sell-side liquidity is selected, allowing commercial market participants to enter buy positions.

While the nearest two internal levels might suffice, it's also possible that the decline could extend to the external liquidity level.

When to buy Bitcoin?

For consistent investors wondering how to navigate this situation, we recommend monitoring price action following the potential selection of significant liquidity.

A crucial indicator for entering buy positions is the re-establishment of the IFVG, this time as a support zone, signaling a shift in market sentiment.

The bullish market outlook remains valid until the price closes below the external liquidity level on the daily timeframe. Until then, buy positions can be considered after a singular IFVG is formed, with the goal of targeting external buy-side liquidity.