Bitcoin Faces Historical September Pullback After Strong August Run

Bitcoin has just experienced its strongest monthly run in years, and history suggests that this may be followed by a red September. According to blockchain.news, a pattern of averaging -5.9% pullbacks in September has been observed when the previous month was green. Bitcoin currently holds a bullish trend above the EMA50 support at $76883.04, but faces a MACD death cross at 2.77 while RSI sits neutral at 44.13 inside the Bollinger band.

The price is testing upper resistance near $80680.79 and lower support at $76956.32, indicating that a healthy retracement to the 50-EMA may occur before continuation. BTC's price prediction models and crypto market seasonality factors are also being closely monitored.