Why September 6 could be a turning point for Bitcoin
Date: 2025-09-05 Author: Henry Casey Categories: CRYPTO PAYMENTS
An analyst nicknamed MartyParty drew attention to a repeating pattern in Bitcoin dynamics, which, in his opinion, is related to the actions of large market participants. He claims that noticeable price changes often occur on the 6th of each month. The expert presented his hypothesis in X, attaching a BTC/USD chart with Wyckoff model markings.
If we consider the period from April to September 2025, several stages can be distinguished. In early April, there was a sharp price collapse, followed by a rapid upward reversal. From mid-April to early June, the Accumulation stage was formed, when large players gradually bought up coins. Then, in July and August, signs of Distribution appeared, associated with profit-taking at peaks. Between these phases, there were several ReAccumulation areas, setting the stage for further growth.
Statistical data confirms this pattern. Thus, from April 6 to May 6, Bitcoin grew by 31.84%. In the following months, the growth was 7.4%, 3.4% and 8.9%. However, by the beginning of September, a 4% decline was recorded, which is considered a possible pause before a new breakthrough.
The analyst's chart shows key price levels. Support is around $98,500. The zone around $110,500 often serves as a reversal point and is considered an important benchmark for market participants. If Bitcoin consolidates above these marks, the next target may be the $123,600 area. This level is associated with the beginning of the Markup phase, that is, accelerated growth and going beyond the current range.
Proponents of the MartyParty theory are convinced that a new turning point should come on September 6. At the same time, an additional factor of uncertainty will be the meeting of the US Federal Reserve System scheduled for September 17. The regulator's decisions traditionally influence global financial markets and may increase the volatility of cryptocurrencies.
According to the markup published by the analyst, it is on September 6 that the transition to the Markup phase is expected, when market makers will complete the set of positions and launch a new growth impulse. If the scenario comes true, Bitcoin may test the $123,600 zone and consolidate the bullish trend.
Thus, many market participants will closely monitor the events in early September, since it is during this period that the further fate of the main cryptocurrency may be decided.
