September may be a turning point in the cryptocurrency circle, and the bull market signal is yet to be confirmed!
As the end of August approaches, the September market, which is widely concerned by the market, is about to start. Looking back at history, the monthly rise and fall data of the total market value of Bitcoin and altcoins provide us with some interesting insights. It is worth noting that although August is often regarded as a difficult month, its performance in non-bull years is mostly falling. Interestingly, although the market rumors that the September market is "scary", from historical data, September is not the worst performing month in the history of cryptocurrency (this "honor" is usually attributed to June).
In fact, September is more like a turning point, and the subsequent October often brings more positive market performance, bringing a glimmer of hope to investors. In addition, observing the monthly performance of altcoins in bull market years, the characteristics of continuous rise and huge gains have not yet appeared in the current market, which may indicate that the big bull market has not yet fully arrived, and we need to remain rational and wait for the opportunity. #BTC