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Bitcoin's September Is Historically Rough

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by COINS NEWS 70 Views

Bitcoin's September Is Historically Rough

https://preview.redd.it/dlvyqfufexmd1.png?2334&format=png&auto=webp&s=bd5fe89bd76a04a8c392f71c1940aa898ed302c6

Historically, September has been a tough month for Bitcoin — the only month since 2011 that has averaged a negative return. Despite the current challenges, bullish sentiment remains, with some analysts like Fundstrat’s Sean Farrell sticking to their guns on a potential $115,000 price target by the end of 2024.

I'm not quite sure how that will play out, given this is the first September has also featured billions in ETF inflows — but is everyone just throwing historical analysis out the window? Feels like no one respects the 4-year cycle anymore because of the ETFs, too.

The most costly words in investing are "this time is different." But is this time actually different?

submitted by /u/Kcody949
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