#RedSpetmber
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The red month of Bitcoin, why September still defines the cryptocurrency cycle.
The red month of Bitcoin is a recurring topic every September, as traders and investors watch for the next big move in the cryptocurrency.
It's almost here and as we approach another September, is it inevitable that prices will drop? Let's analyze some of the reasons why the ninth month of the year is historically bad for Bitcoin.
Since 2013, September has been a challenging month for Bitcoin, with losses in eight of the last 11 years.
This could be because retail investors often take profits after summer rallies or even liquidate cryptocurrencies to cover their fall expenses, such as tuition fees and tax planning.
The red month could also be a self-fulfilling prophecy, as traders anticipate red candles and act more defensively, further pressuring the market downward.
The month usually marks a local minimum, after which Bitcoin typically rebounds strongly upwards, as the fourth quarter historically brings recovery and even significant gains.
