Bitcoin September Gains Historically Lead to Bullish October Trends
Historical data indicates that when September ends with gains for Bitcoin, October typically sees further price increases.
- In the past 14 years, five Septembers closed in the green; four of these led to bullish Octobers.
- September 2023 saw a 3.99% gain, followed by a 28.5% increase in October.
- September 2015 and 2016 also saw gains, leading to 33.1% and 14.9% increases in October, respectively.
- Only 2012 deviated, with September gains not translating into an October increase.
If this trend continues, Bitcoin could achieve double-digit gains in October. Currently, Bitcoin is up by 6.24%, which may set the stage for continued growth. Despite potential profit-taking, increasing institutional investments could support a strong final quarter.
