2024

Bitcoin

Rekt

Coin

<ul class="wp-block-list news-points">
 <li>Historical data shows Bitcoin’s 7% September drop often precedes significant October rallies, up to 47%.</li>
 <li>Bitcoin is currently down 9% in September, with key support levels at $53,800 and $54,000.</li>
 <li>Despite market uncertainty, Bitcoin holders show long-term confidence with 75% in profit and rising transaction activity.</li>
</ul>
Crypto analyst Rekt Capital highlights Bitcoin’s (<a href="https://coinedition.com/btc-sol-ada-and-xmr-surge-key-levels-to-watch/" rel="noopener noreferrer nofollow">BTC</a>) past rebounds following September declines. In September 2017, Bitcoin dipped 7%, only to skyrocket 47% in October. Similarly, in September 2020, a 7% dip preceded a 27% October rally. Even in 2021, a 7% pullback paved the way for a 39% surge the following month. This September, Bitcoin is down 9%, raising questions about its potential path forward.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> When Bitcoin retraced -7% in September in 2017… Bitcoin rallied +47% in the following October When BTC retraced -7% in September in 2020… BTC rallied +27% in the following October When BTC retraced -7% in September in 2021… BTC rallied +39% in the following… <a href="https://t.co/sBgeS2Lafi" target="_blank" rel="noopener noreferrer nofollow">https://t.co/sBgeS2Lafi</a> <a href="https://t.co/5N3T9wwatG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/5N3T9wwatG</a>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1832127571317666192?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 6, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
Bitcoin is trading at <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$53,678.00</a>, with a 24-hour trading volume of $48.79 billion. Over t…
The post <a href="https://coinedition.com/bitcoins-september-slump-can-history-repeat-with-an-october-surge/" rel="noopener noreferrer nofollow">Bitcoin’s September Slump: Can History Repeat with an October Surge?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin’s September Slump: Can History Repeat with an October Surge?

Coin Edition

Other articles published on Sep 7, 2024

Elite Crypto Trader Predicts Bitcoin Crash ‘Is Not Over’ – Is $45K Next?

Justin Sun’s SunPump to Initiate "100% On-chain Buyback and Burn Process"

$STRK Leads the Rally with 16.9% Surge in Crypto Market

Avalanche Foundation Announces infraBUIDL() Program to Boost Blockchain Tooling and Infrastructure

WisdomTree Withdraws Ethereum Trust Filing, VanEck Closes ETH Futures ETF

Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem

Join our free newsletter for daily crypto updates!