Analysts Eye Bitcoin Upside Amid “Uptober” Trends and Fed Anticipation – 17/9/2025

Two leading crypto analysts are highlighting bitcoin’s relative underperformance versus gold and the S&P 500, along with historical “Uptober” trends, as reasons to remain bullish on BTC.

As of 14:04 UTC on Sept. 17, bitcoin (BTC) traded at $116,236, up roughly 1% over the past 24 hours, maintaining key support levels as markets await the Federal Reserve’s policy announcement.

---

Analysts’ Insights

Dean Crypto Trades noted on X that bitcoin sits just 7% above its post-election local peak, compared with a 9% gain for the S&P 500 and a 36% jump for gold over the same period. He suggested that bitcoin’s relative compression makes it likely to lead the next significant move, though it could form a “lower high” before advancing further. Dean added that ether (ETH) might follow once it breaks above $5,000 and enters a price-discovery phase.

Meanwhile, Lark Davis highlighted bitcoin’s historical performance around September FOMC meetings. Since 2020, every September Fed decision—except during the 2022 bear market—has been followed by a strong BTC rally. Davis emphasized that this pattern is driven more by seasonal dynamics than the rate decision itself, with bitcoin historically gaining momentum heading into “Uptober.”

---

Technical Analysis by CoinDesk Research

CoinDesk Research data shows bitcoin rose roughly 0.9% from $115,461 to $116,520 between Sept. 16 and 17. BTC reached an intraday high of $117,317 at 07:00 UTC on Sept. 17 before consolidating.

Following that peak, BTC repeatedly tested the $116,400–$116,600 range, confirming it as a short-term support zone. In the final hour of the session (11:39–12:38 UTC), BTC attempted a breakout, briefly climbing from $116,351–$116,376 to $116,551 at 12:34 on increased volume. This movement suggested a consolidation-breakout pattern, though gains remained modest.

Currently, bitcoin holds firm above $116,000, with support around $116,400 and resistance near $117,300.

---

24-Hour and One-Month Price Action

The latest 24-hour chart shows BTC at $116,236 after retreating from intraday highs near $117,295, consolidating within the $116,000–$116,500 band.

Over the past month, bitcoin has climbed from lows near $108,000 in late August to recent highs above $117,000. While the overall trend remains upward, recent sessions indicate a period of consolidation, signaling that the market may be pausing before its next move.