Bitcoin started the year strong, hitting a new all-time high in the first quarter. But things cooled down in the summer months, with Bitcoin trading sideways. September was expected to be a downer for Bitcoin, but instead, it saw a nice 10% gain!
A Green September, A Bullish Future?
Crypto analyst Ali Martinez noticed a pattern: Whenever Bitcoin ends September in the green (meaning it goes up for the month), it tends to see even bigger gains in the following months, October, November, and December.
Looking at the past 12 years, Bitcoin has ended September in the red (meaning it goes down) eight times. In 2014 and 2019, it lost a big chunk of its value in September. But in 2015 and 2016, Bitcoin ended September in the green, and guess what? It went on to have some really strong gains in the last quarter of those years!
Bitcoin’s Recent Run
Last year, Bitcoin ended September with a 3.91% gain, kicking off a bull run. October saw a massive 25% jump, followed by a more modest 9% rise in November and a final 12% surge in December.
This isn’t just a coincidence. Historical data shows that Bitcoin tends to do well in the last quarter after a green September. So, based on this pattern, it looks like Bitcoin could be in for a big rally in the coming months!
Bitcoin’s Current Price
Right now, Bitcoin is trading just below $66,000, down slightly in the last 24 hours. But if history repeats itself, Bitcoin could be on track to hit a new all-time high before the end of the year!
