Bitcoin’s (BTC) price action hints that bulls may be gearing up for one final push to new highs for this bull market cycle, which many analysts admit has gotten long in the tooth and may start to fizzle in the coming months.
Data provided by TradingView shows that BTC saw some positive momentum on the heels of the holiday weekend in the U.S., climbing from a low of $107,284 on Monday to trade as high as $112,586 on Wednesday.
BTC/USD 1-day Price Chart
As shown on the chart above, the region between $111,500 and $112,500 has served as a major support and resistance level since May. Many traders are now closely watching how Bitcoin performs from here, with some predicting another bull stampede higher, while others are calling for a sub-$100k BTC before this correction is over.
Market analyst CoinsKid noted that King Crypto has “double-tapped the bull market support (BMS) and broken a resistance trend line,” noting that if it can extend the momentum, it could venture into price discovery mode “once more.”
#bitcoin has double tapped the bull market support (BMS) and broken a resistance trend line.
— CoinsKid (@Coins_Kid) September 3, 2025
If $btc can hold the 0 fib we could see it rally up into price discovery once more!
The 4hr #CoinsKidRibbon also needs to transition into green! pic.twitter.com/oCRjJqV81t
Roman Trading suggested that a lower price point is likely before the rally resumes, posting on X that so far, BTCh has had “ perfect retest of prior support, making it new resistance.”
“We also have bear divs formed, which all in all should take us lower,” he added. “Still eyeing 100-102k support”
And rather than trying to predict which way it’s headed, Altcoin Sherpa noted that the market is likely to be choppy for the time being until there is a clear, strong move either higher or lower.
$BTC expecting plenty of volatility at this 112k region. Coins are going to continue chopping until we see a break strongly up or down. pic.twitter.com/q0Wbjl81gQ
— Altcoin Sherpa (@AltcoinSherpa) September 4, 2025
For now, traders remain cautious, as history shows that the new month is known as “red September” in crypto circles because it has delivered the lowest monthly returns for Bitcoin, averaging –3.77% across 12 years from 2013. But hope is not lost, as the past two years have seen green on the monthly September charts, including its best September ever in 2024, when it closed the month up 7.29%.
Only time will tell how things will fare this year, with plenty of arguments making the case for both positive and negative returns. At the time of writing, BTC trades at $111,102, a decrease of 0.6% on the 7-day chart.
Solana Holds Strong Amid Altcoin Pullback
It’s not just Bitcoin that has struggled as of late, with most major altcoins trading in the red over the past two weeks as market participants debate the possibility of a Fed interest rate cut.
One token that has managed to rise above the noise to post a positive gain amid the volatility is Solana (SOL), a leading layer-1 token that emerged as one of the top performers in 2024.
Since bottoming out near $155 in early August, SOL price surged 36%, hitting a high near $218 on August 29 before dipping down to $194 on September 1.
SOL/USD 1-day Price Chart
Bulls jumped in to halt the decline at $194, and pushed a show of force on Tuesday, helping Solana rally back to $213 on Wednesday, a 4% gain on the 7-day chart. A broadening wedge pattern has now formed on the weekly chart, a bullish technical pattern that suggests SOL could rally to anywhere between $600 and $1,000 before this bullish cycle is done.
The momentum and rising open interest for Solana have primarily been attributed to the approval of the Alpenglow upgrade, which decreases Solana’s transaction finality from 12.8 seconds to 150ms, boosting throughput to 107,540 TPS.
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The upgrade was recently put to a community vote, with 98.27% approving the measure, ensuring its implementation. Many see Alpengrlow as the upgrade Solana needed to increase its competitiveness against Ethereum, and hope that institutional investors will adopt the high-throughput chain as they engage more deeply with decentralized finance (DeFi).
But that remains an uphill battle, as onchain data shows that network activity has not kept pace with the price gains, with Solana’s transaction count dropping by 99% over the past 30 days, indicating that many users prefer to engage with other ecosystems.
For now, there remains a stark difference between its price gains and declining transactions, leaving many sitting on the sidelines for a clear signal to jump in.
At the time of writing, SOL trades at $207.84, with bulls locked in a battle for control over the price action.
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