What do historical bitcoin trends reveal about the coming months?

Over the past 11 years, since 2013, Bitcoin has typically seen positive performance in July, with five of those months seeing gains of over 16%.

This year, however, July is shaping up to be a negative month.

Historically, Bitcoin typically performs well in July, with coinglass data showing positive returns 63.64% of the time.

This means that in seven of the last 11 years, July has brought gains for BTC. Notably, in 2013 and 2015, July saw increases of 9.6% and 8.2%, respectively.

The subsequent five Julys saw even bigger gains, peaking at 24.03% in 2020.

However, currently, the price of bitcoin has fallen by 7.77% in July, with three weeks left. Looking ahead, the odds change slightly, at least based on historical trends.

In August, profits have only been recorded 36.36% of the time in the last 11 years. Despite this, the head of Standard Chartered's digital assets and currencies research team predicts a new all-time high for BTC in August.

In retrospect, September's performance is even less promising, with gains recorded just 27.27% of the time, or in three of the last 11 years.

By contrast, October has historically been a strong month for bitcoin, with positive returns 81.82% of the time.

This year, October precedes the 2024 US election, which has also been cited as a possible catalyst for BTC prices by Standard Chartered.

Although history rarely repeats itself, it often reflects familiar patterns.

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