bullish

Bitcoin

Momentum

when

<ul>
 <li>Bitcoin often breaks out 150-160 days after halving events.</li>  
 <li>September historically delivers weak returns, possibly delaying Bitcoin's breakout.</li>  
 <li>October's bullish history suggests a stronger Bitcoin move might occur then.</li> 
</ul>  
<p>Bitcoin’s history is filled with patterns that offer clues to its future. One intriguing pattern is the tendency for Bitcoin to break out 150-160 days after a <a href="https://cryptonewsland.com/bitcoins-historic-halving-patterns-signal-potential/" target="_blank" rel="noopener noreferrer nofollow">halving event</a>.&nbsp;</p>  
<p>If this pattern holds, Bitcoin could surge from its current reaccumulation range in late September 2024. But there’s a catch—September isn't typically a strong month for Bitcoin.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/rektcapital/status/1829916428772016452
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-september-s-sluggish-history">September's Sluggish History</h2>  
<p>Historically, September hasn’t been kind to Bitcoin. The average returns for the month sit at -4.48%, and the highest gain ever recorded in September is a modest +6%.&nbsp;</p>  
<p>This could suggest that <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> might struggle to break out in late September, despite the historical pattern tied to halving events. Traders often grow cautious during this month, leading to sluggish price movements and increased volatility.</p>  
<p>Given this historical backdrop, it wouldn't be surprising if Bitcoin consolidates a bit longer than expected. This consolidation could extend beyond late September, pushing the anticipated breakout into October—a month that has historically been far more bullish for Bitcoin.</p>  
<h2 class="wp-block-heading" id="h-october-the-month-of-bullish-momentum">October: The Month of Bullish Momentum</h2>  
<p>October has consistently delivered strong returns for Bitcoin, with average gains of +22.9%. This month’s history of positive performance sets the stage for a potential breakout, even if it’s delayed past the <a href="https://cryptonewsland.com/whales-accumulate-bitcoin-september-events-eyed/" target="_blank" rel="noopener noreferrer nofollow">expected September window</a>.&nbsp;</p>  
<p>Traders and investors often look to October as a time when Bitcoin’s price gains significant momentum, which could align perfectly with the extended consolidation from September. The historical context suggests that Bitcoin might be biding its time for a stronger move in October if it doesn't break out in late September.&nbsp;</p>  
<p>Keeping an eye on these historical markers is important as we approach late September and October 2024. <a href="https://www.coinglass.com/today" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s past performance</a> suggests that while a breakout in late September is possible, a more powerful surge could be just around the corner in October.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoins-october-surge-historical-insights-explored/" rel="noopener noreferrer nofollow">Bitcoin’s Potential October Surge: A Historical Perspective</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s Potential October Surge: A Historical Perspective

Table of Contents

Crypto News Land

Other articles published on Sep 1, 2024

AVAX, MATIC, AAVE: Top cryptocurrencies to watch this week

New Memecoin Vote Trump to Explode 17,000% Ahead of Exchange Listing, As SHIB and DOGE Plummet

Dissenting Voices Over Ethereum’s Inflation Dilemma: Why It’s Splitting the Community

Crypto Trader Strikes Gold, Turns $10 Into $150,000 in 3 Minutes With These Unexpected Altcoins

Bitcoin Price Prediction: How Will September Unfold For BTC Price?

Top Crypto Projects of August: $SUN Leads with 244.5% Spike

Join our free newsletter for daily crypto updates!