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 Bitcoin remains on track to produce surprisingly solid September performance, but BTC price remains down over 11% in Q3. 
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 Bitcoin (BTC) bulls lost their grip on $27,000 into Sep. 30 as the monthly and quarterly close loomed large. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/30/b980f939c2a9c14ffad0602938ed2bcb.webp"> 
 <figcaption style="text-align: center;"> BTC/USD 1-hour chart. Source: TradingView 
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 <h2 id="bitcoin-braces-for-three-key-candle-closes">Bitcoin braces for three key candle closes</h2> 
 Data from Cointelegraph Markets Pro and TradingView tracked a cooling off for BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action ahead of the key September candle print. 
 The largest cryptocurrency remained up nearly 4% month-to-date, this marking its most successful September since 2016, per data from monitoring resource CoinGlass. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/30/dc68740c8be0b5fc865fe009a83560bb.webp"> 
 <figcaption style="text-align: center;"> BTC/USD monthly returns (screenshot). Source: CoinGlass 
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 Quarterly performance for Q3, conversely, showed BTC/USD down 11.5% at the time of writing. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/30/ac9aea4748c1b9d1836d9059dee41c31.webp"> 
 <figcaption style="text-align: center;"> BTC/USD quarterly returns (screenshot). Source: CoinGlass 
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 For traders and analysts, everything could change in the final hours of the monthly candle. 
 "In the past, a green September resulted in a green October, November and December as well," popular trader Jelle noted in part of the day's X <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. 
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 Will history repeat?" 
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 The day prior, Jelle predicted better conditions for Q4, including a breakout past $30,000 for the first time since early August. 
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 After months of accumulating coins, and slowly preparing us for the bull market, I think its time. Expecting Q4 to bring new strength -- and a break of $30k. Send it.#Bitcoin pic.twitter.com/vkl0aq5hRS— Jelle (@CryptoJelleNL) September 29, 2023 
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 <h2 id="textbook-bearish-technicals">"Textbook bearish technicals"</h2> 
 Monitoring resource Material Indicators meanwhile warned of what it called “textbook” bearish signals from multiple moving averages (MAs) across both longer and shorter timeframes. 
 Related:&nbsp;Bitcoin halving to raise ‘efficient’ BTC mining costs to $30K 
 Beyond the monthly and weekly close, the impending United States government shutdown should continue to suppress BTC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action unless a solution is found in time, it added. 
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 We are heading into the last #trading day of the month with textbook bearish Technicals from the Key Moving Averages on Daily, Weekly and Monthly TFs and #TrendPrecognition is flashing a new #TradingSignals on the #BTC Daily chart as if it knows we have a looming U.S.… pic.twitter.com/l9Mm2SHyFu— Material Indicators (@MI_Algos) September 30, 2023 
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 “There is a high probability that killer whales will be amping up the weekend whale games around Daily, Weekly, and Monthly candle closes. Don't get lured into a trap,” part of additional commentary from Material Indicators co-founder Keith Alan read. 
 A snapshot of the BTC/USD order book on largest global exchange Binance showed bid liquidity congregating around $26,800. Sellers meanwhile lay in wait at $27,500. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/30/b910907f0a1dba5411858beaad390aed.webp"> 
 <figcaption style="text-align: center;"> BTC/USD order book data for Binance. Source: Material Indicators/X 
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 Others, such as popular trader Daan Crypto Trades, expected less volatile conditions until immediately before the new week. 
 “We've had volatility last week but open interest has cooled down so I doubt we'll get any strange <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> action until maybe later on Sunday,” he told X subscribers on the day. 
 An accompanying chart showed the CME Group Bitcoin futures opening and closing <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s potentially acting as a magnet for BTC spot <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> — a common phenomenon. 
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 <img src="https://cdn.thebittimes.com/images/2023/09/30/c6c50592158f63c16215ea8c13beb468.webp"> 
 <figcaption style="text-align: center;"> BTC/USD annotated chart. Source: Daan Crypto Trades/X 
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 This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. 
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-price-posting-best-september-since-2016-as-btc-sellers-eye-27-5k-tbt64657.html">https://thebittimes.com/bitcoin-price-posting-best-september-since-2016-as-btc-sellers-eye-27-5k-tbt64657.html</a>

Bitcoin price posting best September since 2016 as BTC sellers eye $27.5K

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