Historically, September has been considered the worst month for the bitcoin price. However, this year seems to be breaking that trend. Despite today’s slight dip, BTC is poised to end the month with a gain of at least 7%, marking a significant shift from the usual negative performance seen in previous years.
Looking ahead, the positive momentum from September could bode well for bitcoin as it enters October, historically one of its strongest months. While September has typically seen average losses of 3.6% since 2013, October has boasted average gains of 23%, making it a potentially lucrative period for bitcoin investors.
Some traders are even predicting a potential surge to $70,000 in the coming weeks, further fueling optimism in the market. Additionally, data shows that whenever bitcoin has closed September in the green, it has gone on to post higher prices in October, November, and December, hinting at a possible bullish trend in the months ahead.
