Bitcoin is about to close the strongest September candle in history, will October continue to increase?
Today is the last day of September. Contrary to many investors' predictions about September, this year has witnessed Bitcoin's best September performance in history. Specifically, data from Coinglass shows that BTC increased by 9.31% in September - the best increase since the data was measured from 2013 to the present.
Closing September, we are preparing to enter October. In contrast to the average performance of September, October was the best month of the year for Bitcoin. If taken by the median, October is also the best month of the year with 6 out of 11 years having an increase of 27.7% or more, including 2013, 2015, 2017, 2020, 2021 & 2023.
It can be seen that October in particular & Q4 in general are often positive times for financial investment markets. The reason is that at the end of the year, shopping & spending demand increases before major holidays such as Christmas & New Year.
