Bitcoin nears a first-ever quarterly bullish signal
Bitcoin is a week away from printing a bullish pattern it has never made before on the three-month chart, which would be good news for buyers.
- Bitcoin has already traded below last quarter's low and has now pushed back above the previous quarter's high.
- If September closes above that high, it completes a bullish engulfing candle on the quarterly chart — the longest time frame that still carries weight for Bitcoin.
- This has never happened before in Bitcoin's history, which is why it matters.
- Even if it prints, a pullback early in the new quarter is expected before any bigger move.
Outlook: The signal is decided next Wednesday, when the month and the quarter close.
## Bitcoin Levels
- **Bias:** Bullish, if the month closes strong.
- **Support:** $82,814 — the prior quarter's high, now the line to hold.
- **Invalidation:** A September close below $82,814 kills the quarterly bullish engulfing setup.