What To Expect From The Bitcoin Price Is September Closes In The Green

1 hour ago

Over the years, different trends person emerged for the Bitcoin price depending connected however the period ends, either successful the greenish oregon successful the red. September has been historically bearish, but the fewer times that the period has ended successful the green, determination person been bullish implications for the cryptocurrency. As this period is already shaping up to extremity successful the green, this study takes a look astatine what has happened successful erstwhile years erstwhile the period of September has been green.

Expect Bullishness From Bitcoin Price If September Closes Green

In an X post, crypto expert Rekt Fencer highlighted an absorbing inclination successful the Bitcoin terms erstwhile the period of September has been favorable. This inclination has to bash with what happened successful the years erstwhile September closed successful the green, ushering successful an adjacent much bullish period of October.

According to CryptoRank data, successful the past 14 years, lone 5 months of September person closed successful the green. Out of these 5 instances, successful 4 cases, the bullish adjacent opened up a much bullish determination for October. A adjacent illustration is the past 2 years of 2023 and 2024, some seeing the months of September adjacent successful the green.

September 2023 ended with a 3.99% summation for the Bitcoin price, and the adjacent period saw Bitcoin rally 28.5% successful response. A akin lawsuit was recorded successful September 2024 aft the Bitcoin terms saw a summation of 7.11% and the consequent period of October ended with an 11.2% summation for the cryptocurrency.

Going further back, September 2015 ended with a 2.52% gain for the Bitcoin price, and past October 2015 saw a 33.1% gain. Similarly, September 2016 ended with a 5.94% Bitcoin terms gain, and October 2016 saw a 14.9% gain. Only the twelvemonth 2012 has seen a deviation from this trend, aft a 13.1% adjacent successful September ended with a 9.96% nonaccomplishment successful October.

What Happens If This Trend Repeats?

A reoccurrence of this inclination would mean that the Bitcoin terms could beryllium headed for double-digit gains successful the period of October. So far, the cryptocurrency is already seeing gains of 6.24% and if this holds, past the bulls could found a stronghold for a continuation adjacent month.

Add successful the information that the period of October is 1 of the astir bullish months successful the past of Bitcoin, and it is already brewing a look for success. There is inactive the anticipation of a terms diminution arsenic profit-taking could ramp up rapidly astatine these levels. However, with organization inflows connected the rise, the Bitcoin terms could spot a favorable past quarter of the year.