BlockBeats news, on September 15, the famous Crypto analyst Titan pointed out that Bitcoin has recently retested the key support level on the weekly chart and may rebound to more than $90,000. Historical data shows that when the price retests the 50-week simple moving average, the average rebound rate is 71%, which means that BTC may reach $92,000.

According to CoinGlass data, although Bitcoin performed poorly in September, the average returns from October to December were 22.9%, 46.8% and 5.4%, respectively. The 2020 halving cycle showed that Bitcoin rose 27% and 42% in October and November, respectively.

Cryptocurrency trader Mags and anonymous on-chain analyst Checkmate both believe that the current adjustment is the last buying opportunity before the next round of gains. Checkmate emphasized that Bitcoin's current position is similar to the previous two bull market cycles, and investors should pay attention to this potential cycle low.