📉 Bitcoin's September curse, will October and November usher in a turnaround? ⚠️
Did you know? September is usually not a good month for Bitcoin. Bitwise's report pointed out that Bitcoin's performance is a bit sluggish at this time almost every year. But don't worry, October and November usually usher in good times!
🔍 Why is September so difficult? There are three reasons: first, risk assets overall perform poorly; second, SEC enforcement actions seem to be more frequent at this time; finally, the market may be self-fulfilling due to bad expectations, forming a negative cycle.
📈 The good news is that once you get through September, Bitcoin's historical performance is very impressive. According to Coinglass data, the average returns in October and November were as high as 22.9% and 46.81%, respectively, and they are called "Rising October" and "Super November".
🤔 Despite this, there are still many uncertainties in the future, such as the results of the US election and the Fed's decision to cut interest rates, which may affect the trend of Bitcoin.
💭 What do you think? Do you think Bitcoin can break the September curse? Share your thoughts in the comments section, and let's see if Bitcoin can bring surprises in October and November!
