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đ° Will Bitcoin Bottom At This Level?
đ Is World Liberty Financial (WLFI) a Good Buy?
đ¸ MEMEoirs of a Degen!
đ˘ Biggest Announcements
đ Banterâs Take
GM Degens,
Weâve been looking at a few charts and data points to understand how low Bitcoin might go before it bounces into its bullish Q4 that everyoneâs expecting. Weâve got some exact levels to watch.
Weâll also look at what happened with the launch of World Liberty Financial (WLFI) and where its bottom might be.
Overall, todayâs US market open should provide some clarity on direction.
Letâs dive in!
đ Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
đ° Question of the Day
Will Bitcoin Bottom At This Level?
First, letâs clear the air on something. Thereâs a conspiracy theory circulating that President Donald Trump might be dealing with health issuesâstemming from him apparently dragging a leg recently and now supposedly being at a golf course with no photos and unclear whereabouts. However, the White House says Trump is making an announcement at 2 p.m. EST today, which should clear the air. Moments like this remind us black swan events are real; if anything serious happened to him, markets could collapse instantly, which may be why some arenât allocating as readily right now.
Weâll have clarity soon.
Moving on to Bitcoin (BTC): weâve been analyzing the path itâs taken and looking at a few data points to gauge what could happen next. If you look at the chart below, the average cycle correction is around 21%, and weâre still a fair distance from that level.
Bitcoin tends to go down and test the bull market support bands. Historically, September lows often land below those bands, so we could be heading lower if history rhymes. Weâve said the market is likely heading down but also likely bottoming soon; the support bands hint at a path toward the $96,000 area for Bitcoinâbut the good news is BTC usually bounces off these bands like a trampoline.
For Ethereum (ETH), itâs already moving down to test its bull market support bands around the $3,300 level. September is generally a bad month for both BTC and ETH.
Historically, every post-halving year sees a red September for BTC, often the worst month. But why does September bring these lows, and why does it repeat? In the real world, September is when hedge funds and big institutional players return from summer, reassess, and rebalance. Underperformers get trimmed; profits from strong performers get reallocatedâcreating a temporary sell-off before leaders rip again.
September is also the worst month for stocks in the broken post-QE regime. When the S&P 500 is up >1% in August with at least five ATHs (like â25), September has never closed higher.
When could the bottom be for Bitcoin?
Stats say Bitcoin sets its monthly high or low within the first 12 days of the month 80%+ of the time.
For September, weâre eyeing the 17thâthe next FOMCâwhere the odds of a rate cut are high. BTC could front-run this, putting in the low a few days prior, aligning with the âfirst 12 daysâ tendency.
But, then what?
Well, hereâs what happened last year after the first rate cut.
So, we might see the bottom form within the first 12 days of September, followed by a major pump after the next FOMC rate cut decision. If the decision does come in as a cut, markets will likely react and push even higher. According to CryptoAmsterdamâs chart, in bull markets Septemberâs dip historically sets up the next leg higher.
đ Degensâ Den
Is World Liberty Financial (WLFI) a Good Buy?
(As always, none of this is financial advice, and you should all do your own research. This is merely our analysis of WLFI.)
Altcoins have reached the most oversold levels in history versus ETH; and, historically, thatâs when altcoins start to outperform.
Speaking of altcoins, thereâs one specific one everyoneâs talking aboutâand likely more so once the Trump health chatter is resolved: World Liberty Financial (WLFI), which launched yesterday.
WLFI went live across Ethereum, BSC, and Solana (SOL) yesterday morning. But post-launch, the price dropped ~40% from pre-marketâa classic crypto move. This is why we donât FOMO, but instead wait.
As you see, it dropped all the way to around $0.20.
The $0.20 level is major supportâthatâs where ALT5 bought WLFI in its August transaction with World Liberty Financial. Reporting indicates ALT5 acquired roughly $750 million worth of WLFI at $0.20 as part of its broader $1.5B share issuance and treasury strategy.
Overall, ALT5 raised roughly $1.5B via share issuance to build a WLFI-focused treasury and expects to hold about 7.78% of the WLFI token supply, with WLFI-linked figures joining ALT5âs board and leadership as part of the deal.
They may be accumulating more tokens at these levels, so the 20c area is one that many investors and traders will likely be watching.
Now thereâs a proposal to use protocol revenue to buy back WLFI, with fees coming solely from their own liquidity on Ethereum, BSC, and Solana.
Overall, this is one to keep an eye onâwith clear support at $0.20âand its ties to the Trump family could keep momentum going.
đ¸ MEMEoirs of a Degen!
đ˘ Biggest Announcements
Sonic Labs Near-Unanimous Approval for Major U.S. Expansion
đ Banterâs Take
Getting prepared by making an educated guess on the timeline is one of the best ways to capitalize on a market thatâs quite predictable and pattern-driven. The Crypto Banter team has been around for a long time, has seen many bull markets, and some of us have been here since the early days of Bitcoin.
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See you all tomorrow!