🔥 INSIGHT: Bitcoin's Historical September Slump
The data doesn't lie. As we head into September, it's crucial to look at historical trends. The chart above shows Bitcoin's average monthly performance, and there's one month that stands out... September.
Historically, September has been the single worst-performing month for Bitcoin, with an average negative return. While the rest of the year has a strong tendency to be positive, September has often been a period of consolidation, or even a pullback, before the explosive Q4 rallies.
But here's the big question for 2024:
Will this year follow the pattern?
With all the recent market volatility, will September bring a much-needed cooling-off period, or will new narratives and catalysts break the historical trend?
Past performance is not an indicator of future results, but ignoring a pattern this consistent would be a mistake.
What will this September look like? 👇
Let me know if you think we're due for a correction or if the bull run will defy history.
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