Bitcoin (BTC<\/a>) bulls lost their grip on $27,000 into Sept. 30 as the monthly and quarterly close loomed large.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> tracked a cooling off for BTC price action<\/a> ahead of the key September candle print.<\/p>\n The largest cryptocurrency remained up nearly 4% month-to-date, marking its most successful September since 2016, per data<\/a> from monitoring resource CoinGlass. <\/p>\n Conversely, the quarterly performance for Q3 showed BTC\/USD down 11.5% at the time of writing.<\/p>\n For traders and analysts, everything could change in the final hours of the monthly candle.<\/p>\n \u201cIn the past, a green September resulted in a green October, November and December as well,\u201d popular trader Jelle noted<\/a> in part of the day\u2019s X analysis. <\/p>\n \u201cWill history repeat?\u201d<\/p><\/blockquote>\n The day prior, Jelle predicted better conditions for Q4, including a breakout past $30,000 for the first time since early August.<\/p>\n After months of accumulating coins, and slowly preparing us for the bull market, I think its time.<\/p>\n Expecting Q4 to bring new strength — and a break of $30k.<\/p>\n Send it.#Bitcoin<\/a> pic.twitter.com\/vkl0aq5hRS<\/a><\/p>\n \u2014 Jelle (@CryptoJelleNL) September 29, 2023<\/a><\/p><\/blockquote>\n Meanwhile, Monitlonger and shorter timeframes.<\/p>\n Related:\u00a0Bitcoin halving to raise \u2018efficient\u2019 BTC mining costs to $30K<\/a><\/em><\/strong><\/p>\n Beyond the monthly and weekly close, the impending United States government shutdown<\/a> should continue to suppress BTC price action unless a solution is found in time, it added.<\/p>\n We are heading into the last #trading<\/a> day of the month with textbook bearish Technicals from the Key Moving Averages on Daily, Weekly and Monthly TFs and #TrendPrecognition<\/a> is flashing a new #TradingSignals<\/a> on the #BTC<\/a> Daily chart as if it knows we have a looming U.S.\u2026 pic.twitter.com\/l9Mm2SHyFu<\/a><\/p>\n \u2014 Material Indicators (@MI_Algos) September 30, 2023<\/a><\/p><\/blockquote>\n \u201cThere is a high probability that killer whales will be amping up the weekend whale games around Daily, Weekly, and Monthly candle closes. Don\u2019t get lured into a trap,\u201d part of additional commentary<\/a> from Material Indicators co-founder Keith Alan read.<\/p>\n A snapshot of the BTC\/USD order book on the largest global exchange Binance showed bid liquidity congregating around $26,800. Sellers meanwhile lay in wait at $27,500.<\/p>\n Others, such as popular trader Daan Crypto Trades, expected less volatile conditions until immediately before the new week.<\/p>\n \u201cWe\u2019ve had volatility last week but open interest has cooled down so I doubt we\u2019ll get any strange price action until maybe later on Sunday,\u201d he told<\/a> X subscribers on the day.<\/p>\n An accompanying chart showed the CME Group Bitcoin futures opening and closing prices potentially acting as a magnet for BTC spot price \u2014 a common phenomenon<\/a>.<\/p>\n 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.\n<\/p>\n<\/div>\n![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-09\/ba712e4e-b399-4592-bcae-fe233fd170cc.png\")
Bitcoin braces for three key candle closes<\/h2>\n
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\u201cTextbook bearish technicals\u201d<\/h2>\n
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