Bitcoin (BTC<\/a>) hit new September highs after the Sep. 14 daily close as markets digested macroeconomic and crypto industry news.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> tracked overnight BTC price highs of $26,535 on Bitstamp.<\/p>\n The largest cryptocurrency had shaken off higher-than-expected<\/a> United States Consumer Price Index (CPI) the day prior, maintaining $26,000.<\/p>\n Subsequent confirmation that defunct exchange FTX had received legal permission to liquidate its remaining assets<\/a> likewise failed to dent Bitcoin\u2019s comparatively solid intraday performance.<\/p>\n At the time of writing, BTC\/USD traded at near $26,300, still up 5.5% versus its September lows.<\/p>\n \u201cComing up to the range highs and once e flip these levels we can look to finally get into a safe position and long,\u201d popular trader Crypto Tony told<\/a> subscribers on X (formerly Twitter) on the day.<\/p>\n Fellow trader Daan Crypto Trades suggested that overall Bitcoin market dynamics had changed versus the period of weakness seen around the monthly close.<\/p>\n \u201cMarket feels different this week. Dips being bought up relatively quick and while price keeps sweeping highs it keeps crawling itself back and leaving lows untouched,\u201d he wrote<\/a>. <\/p>\n \u201cSpot bid also stronger than the past few weeks. Might be wrong but I’m optimistic.\u201d<\/p><\/blockquote>\n Additional analysis predicted a longer-term BTC price breakout should U.S. regulators approve a Bitcoin spot price exchange-traded fund, or ETF, in the coming months.<\/p>\n $BTC.D<\/a> Still holding on to the previous range high and bouncing.<\/p>\n In the chop region but ultimately I think this would go higher in case of a BTC ETF Approval (one day). pic.twitter.com\/3ob4MHl53l<\/a><\/p>\n \u2014 Daan Crypto Trades (@DaanCrypto) September 13, 2023<\/a><\/p><\/blockquote>\n More cautious was trader Skew, who referenced on-chain volume primed to cool once more after a \u201crelief rally.\u201d<\/p>\n \u201cDaily structure looks fairly good here & decreasing volume so could definitely be looking towards a relief rally before lower,\u201d part of commentary read<\/a>, noting that BTC\/USD was still holding the key $25,000 level.<\/p>\n Up 1.15% month-to-date at the time of writing Bitcoin was nonetheless on course for its best-performing September in years.<\/p>\n Related:\u00a0Bitcoin all-time high in 2025? BTC price idea reveals \u2018bull run launch\u2019<\/a><\/em><\/strong><\/p>\n According to data from monitoring resource CoinGlass<\/a>, the last time that BTC\/USD gained in September was in 2016.<\/p>\n That year was its best on record at 6.35%, while its biggest “red” September month two years prior, when it lost 19%.<\/p>\nTrader: Bitcoin market “feels different”<\/h2>\n
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First “green” September in seven years?<\/h2>\n
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