Bitcoin Historically Slumps in September (2017–2024) — Tested $109K, ‘Three Black Crows’ Signal Drop to $107K–$108K

CoinGlass historical data (2017–2024) reaffirm that September Bitcoin performance has been weak relative to other months, with BTC recording gains only in 2023 and 2024. Ethereum September performance shows deeper drawdowns in several years (notably 2017, 2020 and 2022), while ETH outperformed BTC in 2019, 2023 and 2024, underscoring seasonal downside risk across cycles.

On August 26, technical reads indicated Bitcoin tested the six‑month moving average (MA) near $109,000 and established a daily Three Black Crows bearish sequence, signaling short‑term weakness. Analysts note potential support in the $107,000–$108,000 band; absent a clear hammer or decisive rebound, conditions for initiating short‑term long exposure remain limited.

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