Despite the recent pullback, the crypto market is showing signs it is ready to resume its advance, analysts told ForkLog.
Ryan Lee of Bitget sees three forces shaping the current set-up:
- ETF inflows;
- macro-policy expectations;
- shifts in investor behaviour.
Last week, bitcoin-based exchange-traded funds recorded $523.3 million in outflows. Yet on-chain data show exchange reserves declining, signalling slower selling and a potential recovery.
“Institutional inflows remain the main driver, and if favourable liquidity and product innovation coincide, crypto markets look poised for further gains,” Lee stressed.
Expectations of a September rate cut by the Fed are boosting risk appetite and creating supportive conditions for digital assets. Lee said he expects bitcoin to trade in a $105,000–$115,000 range this week, and Ethereum at $4,000–$4,700.
Ethereum takes the lead
TECHNOBIT CEO Alexander Peresichan pointed to investors shifting towards altcoins, especially Ethereum. The asset is holding above $4,500, and spot exchange-traded funds tied to the second-largest cryptocurrency are showing steady inflows.
Over the past week, ether-focused investment products attracted more than $1 billion.
“If the trend persists, altcoins may become the main locomotive of the crypto market in the coming months,” the expert forecast.
A “golden cross” on bitcoin’s chart
The trader known as Daan Crypto noted that the market last overheated briefly in July, when bitcoin first exceeded $120,000. At present there is little froth — most traders and investors are waiting for the next leg higher or lower.
It’s been a while since the market was truly overheated. The last short period was last month in July as $BTC moved up above $120K+ for the first time.
Besides that, this year has not seen any insane moves with the market overheating. Yes, there has been plenty of action, but… pic.twitter.com/HLWO2CleV0
— Daan Crypto Trades (@DaanCrypto) September 1, 2025
The analyst using the pseudonym Gordon stressed that the first cryptocurrency is “on the verge of a ‘golden cross’.” Altcoins have reached a historically oversold level, so he expects a “large-scale rebound” soon.
September is traditionally a difficult month for bitcoin. In most cases, the digital gold has posted negative returns. Analyst Tom Tucker noted that August kept the seasonal trend intact: over the past month the asset fell 6.5%.
August kept $BTC seasonal trend intact, slipping ~6.5%. Still, this year’s drop fared better than the past four Augusts.
History rhymes, but this time it stings a little less.
September has been tricky, but if it holds $100K support, it could trigger a strong Q4 rebound. pic.twitter.com/u2TPsM40ZX
— Tom Tucker (@WhatzTheTicker) August 31, 2025
“However, this year the drop was weaker than in the previous four Augusts,” he added.
He said bitcoin needs to hold support at $100,000 to recover. At the time of writing the cryptocurrency was trading at $109,143.
Earlier in September, analysts identified a “death cross” on bitcoin’s chart.
Read more about the crypto-market forecasts offered by opinion leaders in August in our new digest.