Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021’s ninth Month Is Different – Market Updates Bitcoin News
The worth of bitcoin has risen above the $51K zone on Sunday and merchants and speculators are curious as to the place the worth is headed subsequent. Historically, in September, bitcoin costs don’t fare so properly and normally get higher in October. For this purpose, skeptics should not certain if bitcoin’s worth will proceed to be bullish throughout the ninth month of the 12 months. So far, nevertheless, the top of the primary week of September 2021 has been significantly better by way of positive aspects.
Historical Bitcoin Prices in September Are Often Low and Lackluster, 2021 Has Been Different
Bitcoin is doing properly on Sunday, up 5.4% over the past seven days and 26.3% over the past month. So far it has jumped above the $51K area on Sunday night (EST), hitting a excessive of $51,863 per unit.
The first week of September is sort of over, and to this point, BTC is trying actual good price-wise however historically, the main crypto asset doesn’t accomplish that properly this month. In 2013, BTC was within the purple that September after reaching a $240 all-time-high (ATH). It dipped after the earlier ATH and was buying and selling for $138 per bitcoin on September 1, 2013.
At the top of the month in September 2013, BTC was exchanging fingers for $137. But after September, the next months main as much as the top of 2013, BTC’s worth skyrocketed to $1,240 per BTC in December. Again in September 2014, BTC was down and throughout the first week of the month, it was buying and selling for $482.28 per unit.
At the top of September 2014, BTC’s worth dropped even decrease at $377.18 per coin. In September 2015, BTC’s worth was a lot decrease than earlier months, and swapping for $239 per unit throughout the first week of the month. The finish of September 2015 noticed costs even decrease at $232 per bitcoin.
September 2016 was a good month for BTC, as the worth began making headway towards the bull run of 2017. On September 4, 2016, bitcoin was exchanging fingers for $608.63 per coin and it ended the month at $600. From the $600 vary to to September 3, 2017, BTC’s worth elevated a whopping 663.66% to $4,582.96 per unit.
The worth was decrease on September 24, 2017, on the finish of the month exchanging fingers for $3,682.84 per BTC that day. However, most individuals know what occurred on the finish of the 12 months in 2017, as BTC got here awfully near rising above the $20K area.
2018 Bear Market Memories, Lackluster 2020 Bitcoin Prices Led to New All-Time Highs by the Year’s End
By September 2018, BTC was down once more buying and selling for $7,272 per unit throughout the bear market. BTC’s worth was even decrease on the finish of the month on September 30, 2018, and was buying and selling for $6,625 per unit. BTC managed to collect some steam by the primary week of September 2019 and was buying and selling for $9,757 per bitcoin.
BTC dipped down decrease to $8,104 by the twenty ninth of September 2019. The following 12 months, BTC was buying and selling for $10,280 per coin and by the top of that month in 2020, BTC was $10,775 per unit. Again from right here, BTC managed to interrupt the $20K per unit ATH by the 12 months’s finish and was over that worth in December 2020.
Historically, September isn’t the perfect month for BTC and from time to time, it does shine in September on uncommon events. Bitcoin remains to be down 29% from the final ATH 5 months in the past when it hit $64,654 per unit.
The development on Sunday, September 5, 2021, appears rather a lot completely different than years prior as bitcoin bulls are trying to go greater. But with three weeks left within the month, something can occur on the planet of bitcoin markets.
What do you concentrate on the present bitcoin market and historic September bitcoin worth motion? Let us know what you concentrate on this topic within the feedback part under.
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