September has always been a historically bad month for Bitcoin. However, this could be an exception.
BTC has accumulated an increase of approximately 8% so far this month.
September has only been bullish on three occasions: 2015, 2016 and 2023. What happened next?
With just one week left in the month, Bitcoin is on track to experience the best September in its history.
In this context, analyst Jelle stated on X that BTC was behaving very similarly to September 2023 and that it is possible that it will approach its ATH again.
According to technical analysis, Jelle indicated that Bitcoin is above the key supports of $52,000 and $54,000 and that it is heading towards the resistance level between $68,000 and $70,000.
September, always a difficult month for Bitcoin
BTC has registered an increase of almost 8% so far this month and, if it closes at this figure, it would be the best September in its history.
Strikingly, September is usually negative for the leading cryptocurrency, as it has only been bullish three times: 2015, 2016 and 2023.