Bitcoin is currently in a Halving year, which means it’s important to compare 2024 with the patterns from previous Halving years. Historically, September has been a tricky month for Bitcoin, but October often brings a significant bounce. Let’s look at the data:
🔶 2016 Halving Year:
Bitcoin experienced a +6% upside in September, followed by an even stronger +14% rally in October. This period marked the beginning of a significant bull run that carried through to the following year.
🔶 2020 Halving Year:
In 2020, Bitcoin faced a -7.5% decline in September, but October saw a massive recovery, with a +27.7% surge. This marked the start of the historic bull run, pushing BTC to its all-time highs.
🔶 2024 Halving Year:
So far, we’re seeing a **-9% downside** for September. However, if history is any guide, we could see a double-digit upside in October, potentially setting the stage for another big rally.
With Bitcoin’s historical tendency to bounce back in October, a lot of eyes are watching whether 2024 will follow the same pattern as previous Halving years.
