Reasons to trust
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Bitcoin’s current rebound has sparked new debate about whether the market has already set a local bottom and is now at a higher rally, starting with the $107,200 minimum.
Analysts claim that there is a 90% chance that Bitcoin has a bottom
The astronomer who published his short-term bearish calls to the $123,000-$110,000-$111,000 zone revealed that he had flipped as long as the target reached in late August. “Now, the bottom confidence confluence of being in the $110K area at the end of August wasn’t strong enough. Now there are another confluence lined up,” he writes. He said the Federal Reserve policy meeting cycle has historically served as a turning point in the Bitcoin trend.
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He explained: “The data from the FOMC conference reversed the ongoing trend with a bar of 0 (date), or a bar of up to 6, which did it right over 90% of the era. In fact, astronomers claim that insiders and capitalized players have set the postform orientation before retail sentiment digested the results, thus bringing the event to the market.
With the next FOMC scheduled for September 18th, he claims to be exhausted earlier than planned from $123,000 to $110,000. “The FOMC is approaching now, so the lower ones are already planted and the trend is turning back again,” he said.
Analysts contrasted with his methodology with the broader cryptographic commentary ecosystem, where many influencers continue to predict downside and “red September.” He calls such an opinion “complete nonsense” and is rooted in surface-level seasonality. “Every time it works, it plants the bottom before the actual meeting executes its predictions. The insider has already set the FOMC price direction, regardless of the outcome,” he wrote, stressing that relying on common “caution” warnings ahead of central bank events is missing out on structural changes.
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After a long entry at $110,000, Bitcoin rose above $115,000, prompting astronomers to already override September’s bearish paper. “We’re closing the greens in September. Yup, Yup and September are currently incorrect. September opened at 108,299 and the price is now at 115,000.
He further pointed out the past two years as evidence that September’s reputation as a seasonally weak month for Bitcoin has lost its statistical edge. “Permitted months certainly don’t have to be green. “Seasonality” is the cookie cutter version properly and properly using cycles. For the past two years, September has been green and mean to the bears,” he wrote.
For astronomers, the conclusion is clear. “If many confluences are heading in the same direction, it usually means you have resolved the Rubik’s Cube correctly and you can trust it with confidence.” Still, he softens his beliefs with his risk management discipline, saying:
With Bitcoin exceeding $115,000 and the FOMC meeting is just days away, the market’s short-term verdict on whether a sustainable bottom has formed could arrive earlier than later.
Featured images created with dall.e, charts on tradingview.com
