bullish

Bitcoin

Gains

<ul>
 <li><strong>Bitcoin has historically plunged in September during 8 of the last 11 years.</strong></li>  
 <li><strong>October has seen BTC prices rise in 9 out of 11 years, showing an 82% bullish trend.</strong></li>  
 <li><strong>These patterns offer insights for guiding Bitcoin’s seasonal market movements.</strong></li> 
</ul>  
<p>According to&nbsp; Look On Chain, BTC performance has shown different seasonal trends over the past decade, with data showing a periodic pattern of bearish activity in September followed by a bullish rebound in October.</p>  
<h2 class="wp-block-heading" id="h-seasonal-trends-in-bitcoin-s-performance">Seasonal Trends in Bitcoin’s Performance</h2>  
<p>According to LookOnChain post on the X Space, from 2013 to 2023, BTC prices dropped in September during those 8 years, representing 73% of the time. Contrarily, the cryptocurrency saw a rise in October, marking an 82% chance of price increases during that month.</p>  
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  https://twitter.com/lookonchain/status/1830917866855731645
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<p>Bitcoin has historically faced challenges during September, notable downturns include a 12.14% drop in 2021, a 16.06% decline in 2019, and an 18.59% fall in 2014. Despite these declines, there have been a few anomalies where BTC price increased. In 2016, Bitcoin recorded a 6.42% rise while in 2023, a fair 3.82% increase was noticed.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-october-s-bullish-rebound">October’s Bullish Rebound</h2>  
<p>Different from September, October has been a bullient month for Bitcoin. The data has shown that in 9 of the 11 years analyzed, Bitcoin’s price increased during October. Some of the most important gains recorded included a 40.99% uptick in 2021, a 46.49% rise in 2017, and a 53.81% increase in 2013. Only a few years shifted from this bullish trend, with October 2018 seeing a small decline of 4.44%, and October 2014 noticing a decrease of 11.63%.&nbsp;</p>  
<p>October has been a month of gains, with <a href="https://cryptonewsland.com/will-bitcoin-surge-to-110000/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s</a> price rebounding and often setting the stage for further bullish activity in the year's final quarter. This pattern suggests that market participants may view October as a month of opportunity, driving buying pressure and pushing prices higher.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoins-seasonal-trends-september-declines-october-gains-over-a-decade/" rel="noopener noreferrer nofollow">Bitcoin’s Seasonal Trends: September Declines, October Gains Over a Decade</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin’s Seasonal Trends: September Declines, October Gains Over a Decade

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