Bitcoin often dips in September but recovers strongly afterward, per Bitwise data.
Post-September surges are fueled by renewed investor optimism and growing institutional interest.
Historical patterns suggest Bitcoin could pump again after this year’s September dip.
Bitcoin has a habit of surprising investors. One pattern that stands out is its performance after September. The Bitwise chart highlights that Bitcoin often pumps after a weak September. While the month might bring a dip, the months that follow tend to show strong recovery. Are you wondering why this happens or what it means? Let's break it down.
September: Bitcoin's Weak Spot
September hasn’t been kind to Bitcoin. Historically, the cryptocurrency faces losses during this month more often than not.
Some blame broader market trends, while others suggest seasonal factors. Whatever the cause, September has been a rough ride for Bitcoin in the past.
However, what’s fascinating is what happens after. The Bitwise data shows that after September's dip, Bitcoin usually bounces back.
The Post-September Rebound
https://twitter.com/BitcoinMagazine/status/1833525592677093673
Looking at the post above, Bitwise's chart shows clearly that the price of Bitcoin often surges after September. Following a weak month, Bitcoin tends to rise, sometimes reaching new highs.
Several reasons could explain this. For one, institutional interest often grows during this period. There’s also a shift in market sentiment, with investors showing renewed optimism. The post-September rally seems to stem from this fresh confidence. But what does this mean for 2024?
Looking at Bitcoin’s performance so far in 2024, the Bitwise chart offers hope. While September might be disappointing, the months that follow could bring a strong rebound.
If history repeats, Bitcoin could be poised for a major pump soon. September might drag Bitcoin’s price down but history shows it’s not the end of the story.
Investors who remain patient could see gains as the market rebounds. Keep an eye on the post-September surge—it’s a pattern worth watching.
The post Bitwise Insights: Bitcoin’s History of Pumping Post-September Dip appeared first on Crypto News Land.
