Get Ready for Bitcoin to Fall! “BTC Doesn’t Like September!”

Bitcoin (BTC) It has been unable to escape the downtrend it has entered since reaching its new ATH level in March.

BTC fell below $50,000 in the early August crash FEDWe are about to enter September, when the US is expected to make its first interest rate cut.

At this point, investors are pinning their hopes for a rise on the coming months. Is Bitcoin loving September? How did it perform in previous Septembers? Let’s look at the answers to your questions.

How Did Bitcoin Perform in Previous September Months?

When we look at Bitcoin’s performance over years and months, we notice that declines are concentrated in certain months and increases are concentrated in certain months.

Above Bitcoin When we look at the monthly return table, if we make a general statement, we see that March, August and September are generally the months of decline; February, July, October and November are the months of increase.

At this point, when historical data is examined, Bitcoin closed September with an increase in only 3 of the last 11 years, while it closed September with a decrease in the remaining 8 years.

According to the data BTC In September, when it closed in the green, the increase rates were seen to be as small as 3.9%, 2.3% and 6%.

In the face of these historical data, analysts and investors describe September as the worst performing month of the year, and this year’s September is also expected to be a bearish month.

Although the expectation is bearish, it is difficult to predict in which direction the Bitcoin price will move. Because there is a possibility that the FED will reduce interest rates, which have been kept constant for more than a year, in September and there is an expectation of seeing an uptrend in the BTC and crypto markets with the first interest rate cut.

*This is not investment advice.