🚨September is around the corner: is another WAVE of DECLINE coming for Bitcoin and crypto?🚨
✅️September is one of the most bearish months for the crypto sector, along with August, which fortunately seems to have come to an end. Will history repeat itself this time?
✅️There are months when Bitcoin tends to grow more, such as February and October, and periods like the transition between August and September where cryptocurrency holders generally face significant declines.
✅️From a statistical point of view, September is the worst month for average returns since 2013, with a figure showing -3.77%. If we calculate the median instead, the most bearish month turns out to be August, with -7.49%. We are therefore right in the middle of a seasonal change.
✅️Of course, there can be exceptions: in the last two years, for example, September has appeared as a positive month, just as August was great during the 2021 bull market.
✅️There are several reasons that explain the concept of “seasonality” in markets, especially for assets like Bitcoin.
✅️In general, there’s also the issue of summer holidays: many traders tend to liquidate their riskier assets in conjunction with the many anticipated vacations, either because they are exhausted and need liquidity or because they don’t want to monitor the charts too much under the sunshade.
✅️Additionally, there is a psychological mechanism that triggers a “self-fulfilling” effect: basically, since everyone expects a month like September to be red, there is a greater probability that investors will decide to sell accordingly, triggering a decline that wouldn’t be observed without this widespread belief.
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