Half of September has passed and bitcoin traders are curious about where the price is headed next, as September is traditionally a bearish month for crypto prices. Furthermore, October is known to be a bullish month as bitcoin has been profitable in October more than 77% of the time. Data shows the leading crypto asset’s price trend may not break September’s historical trends, but very well could see a revival next month.
Bitcoin Traders Patiently Wait for September to End
This month’s bitcoin price data indicates that bitcoin (BTC) is following the same trend it has followed over the last decade. Typically BTC prices in September are awful and this month has been no different. 3,303 days ago, bitcoin prices slipped from $240 per unit to $138 per bitcoin on September 1, 2013. Bitcoin prices were in the red in September 2014 as well, as BTC’s U.S. dollar value started the month at $482.28 per unit. BTC’s USD value slipped that month 21.79% lower to $377.18 per coin by the end of September 2014.
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