Crypto analyst Kevin (Kev Capital TA) instructed viewers late on September 25 that Bitcoin’s pullback is monitoring a well-recognized seasonal and structural script—and that the market’s subsequent main impulse hinges on a clearly outlined help vary. “Maintain $107k to $98K,” he stated, calling the zone the fulcrum for the bull cycle’s subsequent leg. “That’s it. It’s that straightforward.”
Opening his stream amid a rush of bearish sentiment as BTC worth dipped to $108,651, Kevin argued the drawdown shouldn’t shock disciplined merchants. He framed the present transfer within the context of months of warning courting again to early August, when he started highlighting weekly bearish divergences throughout Bitcoin, Ethereum and the entire altcoin market (Total2), into what he described as four-plus-year resistance zones.
“Everybody thinks these symmetrical triangle patterns after a transfer larger are continuation patterns,” he stated, “however in actuality, within the crypto market, very, very hardly ever do these get away to the upside.” He pointed to a development of smaller impulse highs since late 2023 and reiterated that regardless of sharp rallies in choose altcoins, the majors did not clear “any main resistance ranges.”
Bitcoin Prime In Till Confirmed In any other case
The anchor of Kevin’s case is confluence on larger time frames. On Bitcoin’s weekly chart, he outlined rising worth highs towards falling momentum—“easy power and momentum indicators,” not indicators by themselves however context that “has been dwindling for a really very long time.”
Associated Studying
Total2, he added, registered “a triple prime on the weekly” beneath roughly $1.71–$1.74 trillion—“the all-be-all resistance degree”—with weekly RSI and MACD rolling over. Shares of momentum, in his learn, are resetting exactly the place they need to amid traditionally skinny late-summer liquidity. “Q3 isn’t a superb quarter for crypto,” Kevin stated. “August, September are horrible months. They all the time are.”
In opposition to that backdrop, he argued that USDT dominance stays essentially the most dependable inter-market compass. “USDT dominance is the best chart ever. There is no such thing as a higher chart,” he stated, strolling by way of a macro descending triangle with a flat-bottom help close to 3.9–3.7% and repeated rallies to a falling trendline which have mapped crypto cycle lows and highs for 2 years.
Every strategy to the flat backside, he famous, has carved a W- or inverse-head-and-shoulders-style base in USDT.D whereas Bitcoin distributed close to native tops; every rejection on the downtrend has coincided with crypto inflections. “You actually don’t want any chart in all of crypto,” he stated. “All you want is Bitcoin and USDT dominance and you’ll have performed this cycle completely completely.”
From a tactical standpoint, Kevin flagged a three-month BTC liquidity “warmth map” shelf close to $106.8K and the 21-week EMA—the bull-market help band—close to $109.2K as pure magnets, with the decrease weekly Bollinger Band sitting round $101K.
He careworn he doesn’t wish to see “Bitcoin lose 106.8K” if the cycle stays intact, although a wick into that space to “swipe the liquidity” could be according to prior resets. He framed $98K as the road that ought to not break decisively. “There’s a complete lot of help in that vary,” he stated. “I’d be fairly shocked if Bitcoin wasn’t capable of bounce in there someplace.”
All Eyes On This fall Seasonality
Kevin tied structural indicators to an specific macro guidelines, arguing that lasting cycle tops and bottoms align with basic catalysts moderately than charts alone. He cited 2021’s inflation spike and the onset of the Fed’s climbing cycle as the driving force of that cycle’s 55–60% drawdown, the 2017 CME Bitcoin futures launch as a blow-off prime catalyst, and the FTX collapse as the ultimate capitulation in 2022 amid weekly bullish divergence.
“There’s all the time a macro-related motive that correlates with the charts,” he stated. Against this, he sees no such cycle-ending macro set off in the present day: inflation gauges have been “very uneven” however contained; the Fed is broadly anticipated to ease into year-end supplied labor softens; and seasonality favors This fall.
Associated Studying
He underscored the near-term calendar—core PCE, CPI and labor knowledge within the first half of October—as decisive for danger urge for food. “Someday in mid-October… we’ll begin to have an thought of the place this market is admittedly going to go,” he stated. “If we get to mid-October and Bitcoin’s holding key help… and we get good macroeconomic knowledge, we get one other charge lower… the possibilities favor that Bitcoin will [go higher]—and then you definately’re in This fall.”
Volatility positioning, he added, argues for a pointy directional transfer as soon as the reset completes. On the weekly Bollinger Band Width, Kevin stated BTC has printed record-low readings thrice this cycle—every in Q3—and every episode started with a draw back break of 18–29% earlier than surging to contemporary highs.
“There’s a large transfer coming for Bitcoin quickly. It has not occurred but,” he stated, noting spot volumes have declined since November whereas bands have tightened to historic extremes. A take a look at of the decrease weekly band close to $101K “is feasible,” however not required, in his view; the secret’s that the broader $107K–$98K hall features as a springboard.
Kevin was equally specific about invalidation and upside triggers. He labeled $125K “a serious prime for now” and stated the market wants weekly and month-to-month closes above that degree to substantiate development continuation.
On dominance, he highlighted 59.0% and 60.28% as near-term resistance that might gas a BTC-led part if reclaimed; in any other case, he expects management to rotate again to altcoins as soon as Bitcoin bases and USDT dominance prints a decrease excessive. “Cease trying on the altcoins” till these inter-market indicators flip, he suggested, emphasizing endurance, danger administration and taking income into resistance.
His backside line combines restraint with opportunism. “Maintain $107k to 98K,” he repeated. “Go into October. Get by way of the primary couple of weeks of macroeconomic knowledge… Bitcoin will inevitably discover a low on the again of that knowledge after which finally go larger.” However he warned that if macro arrives benign and “Bitcoin remains to be deteriorating,” merchants ought to be able to reassess the cycle thesis. Till then, Kevin’s message stays unapologetically unglamorous: respect the seasonal chop, observe the inter-market tells, and let the higher-time-frame ranges do the speaking. “Being proper is the perfect pat on the again you will get,” he stated. “Not simply saying issues that get you lots of clicks.”
At press time, BTC traded at $109,607.
Featured picture created with DALL.E, chart from TradingView.com