When it comes to September, looking back at history, BTC usually performs poorly in September, with a 7% decline matching the market trend of the past few years. In September 2022, BTC fell by 7%, and similar small declines occurred in 2021, 2020, and 2018. This indicates that September is often a month to watch for falls, and the current downward trend also fits this pattern. However, there are exceptions, such as in 2014, during the Bear Market period, BTC fell by 19%.
Although the market is currently somewhat sluggish, 2024 is the year of BTCHalving, which means that the downward pressure may not be as severe as in non-Halving years.
Then let's take a look at October. Although September's performance is not very good, October is usually one of the best months for BTC performance. Historically, BTC has shown significant gains in October, with an average return of over 20%. In 2020, like 2024, it is a Halving year, and BTC pumped 27% in October, which gives hope that the current downtrend may end soon.
According to historical patterns, there may be a 10% to 30% increase in October, which is consistent with the situation of entering a new bull market after the BTCHalving in previous years. This indicates that although there may be some adjustments in September, there is still a possibility of a strong recovery in October.
#BTC
Although the market is currently somewhat sluggish, 2024 is the year of BTCHalving, which means that the downward pressure may not be as severe as in non-Halving years.
Then let's take a look at October. Although September's performance is not very good, October is usually one of the best months for BTC performance. Historically, BTC has shown significant gains in October, with an average return of over 20%. In 2020, like 2024, it is a Halving year, and BTC pumped 27% in October, which gives hope that the current downtrend may end soon.
According to historical patterns, there may be a 10% to 30% increase in October, which is consistent with the situation of entering a new bull market after the BTCHalving in previous years. This indicates that although there may be some adjustments in September, there is still a possibility of a strong recovery in October.
#BTC
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