Bitcoin’s September Slump: Can History Repeat with an October Surge?

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Historical data shows Bitcoin’s 7% September drop often precedes significant October rallies, up to 47%.

Bitcoin is currently down 9% in September, with key support levels at $53,800 and $54,000.

Despite market uncertainty, Bitcoin holders show long-term confidence with 75% in profit and rising transaction activity.

Crypto analyst Rekt Capital highlights Bitcoin’s (BTC) past rebounds following September declines. In September 2017, Bitcoin dipped 7%, only to skyrocket 47% in October. Similarly, in September 2020, a 7% dip preceded a 27% October rally. Even in 2021, a 7% pullback paved the way for a 39% surge the following month. This September, Bitcoin is down 9%, raising questions about its potential path forward.

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