September is often referred to as ‘Slumptember’ because Bitcoin and crypto assets typically record losses during this month. However, this year’s September ended with the best performance, according to analyst Rekt Capital on September 30.
- BTC gained 7.75% in September, surpassing the previous record of 6% in 2016.
- In the previous 12 Septembers, BTC recorded losses on 8 occasions, with the largest loss being 19% in 2014.
📈 CoinGecko recorded a 10% increase for BTC in September, from $57,750 to $63,830.
- October is typically bullish, with 9 of the last 11 years reporting positive performance for BTC.
- November has also trended bullish in 7 of the last 11 years, although December is often volatile.
Analyst Ki Young Ju believes we are still in a bull cycle, despite the recent market correction.
🔮 Analysts remain confident that BTC can break out and hit $70,000 in October.
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