Bet on the Bitcoin bull market?Not in September, the BTC price data shows


Bitcoin (Bitcoin) May hit a record high in 2021, but it is very likely that it will not happen next month.

Historical price data It is confirmed that September tends to see BTC prices fall—its best return in history is still in the single digits.

September 2021 looks like a classic for BTC

As Bitcoin matures, BTC/USD has become more noticeable in a similar manner in the same month of each year.

The fourth quarter clearly performed well, especially one year after the overall subsidy was halved. In contrast, January tends to be bearish-although this year is a clear exception to the rule.

However, when it comes to September, the situation is not encouraging for investors. Summer may be over, but historically, Bitcoin has never risen by more than 6% next month.

“Bitcoin doesn’t like September at all,” Cointelegraph writer Michaël van de Poppe Comment this week.

“Before the bull market cycle continues, will we repeat and have a correction month in the entire market?”

BTC/USD historical return chart. Source: Bybt

Q4 Good luck?

The price range in September is already slightly lower than that in August. PlanB, the creator of the Bitcoin price model, said that this is just a data technology issue.

related: Is the timing of 50,000 USD BTC right?5 things to watch for Bitcoin this week

However, Bitcoiners may not need to smile and endure for a long time, as October tends to provide a more convincing momentum.

At the same time, however, it seems that you need to wait for the retest of all-time highs. At the time of writing, BTC/USD is trading at $47,600, which has fallen by approximately 1.6% in the past 24 hours.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView