Bitcoin is in position for a rebound toward $124,500 in September, even as history brands the month as one of its weakest.

• Bitcoin may avoid a big September drop and could aim for new highs soon.

• A weaker dollar and Fed rate cuts can be significant tailwinds for BTC price.

Bitcoin 

 is set to close August in the red, its first down-month since April, stoking fears that the downturn could deepen as September begins.