In September 2024, Bitcoin has been experiencing high volatility, with potential for both significant gains and drops. Analysts suggest that if the Federal Reserve lowers interest rates, Bitcoin could break through resistance around $65,000. However, global economic uncertainty and market volatility could cause the price to drop to support levels near $55,000 or $53,000 if negative sentiment prevails.

Some analysts are optimistic that Bitcoin could see a major breakout by the end of September, driven by historical patterns following the April 2024 Bitcoin halving. This could lead to a significant price rise toward the end of the month or early October.

External factors such as U.S. monetary policy, technology stock performance (e.g., NVIDIA), and the upcoming U.S. presidential election debates are also influencing Bitcoin's price movements. The outcome of these events could further impact market sentiment.