Bitcoin Could Gain Strength as September Sets Up Q4 Rally

Money has been shifting out of Bitcoin and into Ethereum over recent weeks, with whales selling BTC to buy ETH and institutional flows into Ethereum ETFs outpacing those of Bitcoin. But several analysts argue the rotation may soon flip back the other way.

Good to Know

• Bitcoin’s market dominance is close to finding a bottom, according to IntoTheCryptoverse founder Benjamin Cowen.
• No matter if BTC rises, dips, or trades sideways, analysts argue altcoins are likely to lose ground against Bitcoin.
• September is usually weak for Bitcoin, but traders suggest ETF inflows and improving liquidity could flip the script this year.

Bitcoin Dominance May Be Near a Turning Point

Benjamin Cowen, founder of IntoTheCryptoverse, said Bitcoin dominance looks close to bottoming out and could rise no matter where the price moves in the short term. On X, he outlined three scenarios, each historically favoring Bitcoin.

1. If BTC bounces from its 20-week simple moving average (SMA) and pushes higher, Cowen says the move could mirror 2017, when capital rotated out of altcoins and into Bitcoin.
2. If BTC drops toward the 50-week SMA, like it did in late 2024 and early 2025, altcoins would typically fall harder, which would also lift Bitcoin’s dominance.
3. If BTC consolidates sideways near the 20W SMA, similar to 2020, altcoins usually bleed value slowly, again raising Bitcoin’s share of the market.

Cowen’s message is straightforward: whether Bitcoin rises, dips, or stalls, altcoins risk losing ground. He views this cycle as setting up what he calls the “final rotation” back into Bitcoin, where BTC once again takes the lead role.

At time of writing, Bitcoin is trading at $110,234 according to CoinMarketCap data, good for gains of 2.74% in the last 24 hours.