September effect doesn’t apply on election years confirmed 2024?

As September rolls around, Bitcoin investors usually brace for a rough ride. The infamous "September effect" is well-known in the financial world, typically bringing a downturn to both traditional markets and cryptocurrencies. Historically, Bitcoin has often followed suit, with September being one of its worst-performing months. But this year, things might be different—especially with the 2024 U.S. Presidential Election on the horizon.

Election years bring unique dynamics to the market, and 2024 seems to be no exception. With Bitcoin already pushing past critical resistance levels and showing strong momentum, the usual September slump might not have the same impact. In fact, it’s possible that the election-related market optimism could counteract the typical seasonal downturn, giving Bitcoin the push it needs to continue its climb toward $70,000 and beyond.

So, is the September effect losing its grip in 2024? Early signs suggest that this election year could break the cycle. As we move further into September, keep an eye on how the market reacts—it might just confirm that this year, the rules don’t apply. Bitcoin could be on the verge of rewriting the script, leaving the September effect in the dust.