Bitcoin and September: A History of Bearish Trends
CryptoNewsTerminal Staff03 Sep, 2024
Bitcoin and September: A History of Bearish Trends
Historically, September has not been a favorable month for Bitcoin (BTC). Blockchain analytics provider Lookonchain has found that in the 11 years from 2013 to 2023, BTC has experienced a decline in September a staggering 8 out of 11 times, or 73%. Conversely, October has a more positive track record, with BTC rising in 9 out of 11 years, or 82%. While historical performance is not a perfect predictor of future results, it does raise some concerns for investors and traders as we enter the month of September. It's worth noting that BTC's value is influenced by multiple factors, including economic conditions, regulations, and overall market sentiment. Therefore, investors should carefully consider all relevant factors before making any decisions.
