Bitcoin and Ethereum Face September Pressures: Funds Flow Despite Price Drops

September is traditionally a challenging month for Bitcoin, with historical data showing a nearly 4% average decline. This year’s trend is mirroring previous experiences as the flagship cryptocurrency continues to hover around the $108,000 mark. While buyers remain active in defense of this crucial zone, momentum indicators suggest weakness. The Relative Strength Index (RSI) is edging towards oversold territory, while the Average Directional Index indicates a lack of strong trends. Traders are cautiously observing as Bitcoin’s price struggles to break free from consolidation, with both bulls and bears vying for control.