Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, September 10th, and today we are checking in on price action.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation,

come join us in the breakers discord. You can find a link in the show notes or go to bit.ly

slash breakdown pod. All right, friends, well, after a pretty

dismal month of price action for Bitcoin, Monday session actually showed some positive signs.

The last two weeks saw Bitcoin steadily march down by 18%, sweeping the lows below 53,000 on Friday.

Following a stagnant weekend, however, Monday saw a 5.8% pump, with Bitcoin tapping 58,000.

The census still that September will be negative due to seasonal effects. Bitcoin is still down

4% so far this month. However, an occasional rally is a good sign that we might not be

tumbling towards another brutal bear market. This was the strongest rally in over three weeks

and enough to give investors some hope. Analysts wrecked capital

wrote, You just need to survive September, because if history repeats, Bitcoin may be heading

for three straight months of positive upside monthly returns. Then again, while hopes might be high,

catalysts for a continued uptrend, are lacking. In his weekly note, Greg Sipa Laro,

the global head of research at Nydig, Unfortunately, potential upcoming near-term catalysts for Bitcoin are sparse at the moment.

Most catalysts have to do with macroeconomic data or monetary decisions, and very fewer

crypto or Bitcoin-specific.

He flagged that all major catalysts are clustered around November, with an election result

expected to coincide with an acceleration in Fed rate cuts.

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