Bitcoin is ready to rise for 3 consecutive months? Analysts reveal: Survive September or set a new high!
With half of September already passed, the future trend of Bitcoin ($BTC) still seems unclear. When analyzing Bitcoin's price trend, September is usually seen as a poor performing month, with an average return of -5% since its inception.
Recently, well-known cryptocurrency analyst Rekt Capital shared his views, telling fans that the fourth quarter is usually the "golden period" for Bitcoin, and as long as it survives September, Bitcoin may enter a 3-month rising period.
Rekt Capital said that Bitcoin tends to perform better in the fourth quarter. According to historical data, the average return in October since the birth of Bitcoin has been as high as 22.9%. There were only two exceptions, in 2014 and 2018, which were bear markets, with returns of -12.95% and -3.83% respectively.
Nevertheless, these two exceptions do not change the fact that Bitcoin usually closes with profits in the fourth quarter. He suggested that investors should wait patiently for the September adjustment period to pass and consider entering the market in late September to early October.
In addition to referring to the monthly correlation, Rekt Capital also mentioned the halving event that just ended this year. Historical data shows that Bitcoin generally reaches its bull market highs about 500 days after each halving.
For example, in the 2015-2017 market cycle, Bitcoin reached its peak 518 days after the halving; while in the 2019-2021 market cycle, Bitcoin took 546 days to reach its peak.
Rekt Capital pointed out that if such a trend is replicated in this cycle, Bitcoin is likely to reach its bull market peak again between September and October 2025.
