Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021’s 9th Month Is Different – Market Updates Bitcoin News

The value 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 effectively and often get higher in October. For this motive, skeptics usually are not certain if bitcoin’s value will proceed to be bullish in the course of the ninth month of the yr. So far, nonetheless, the tip of the primary week of September 2021 has been a lot better when it comes to beneficial properties.

Historical Bitcoin Prices in September Are Often Low and Lackluster, 2021 Has Been Different

Bitcoin is doing effectively on Sunday, up 5.4% over the last seven days and 26.3% over the last 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 thus far, BTC is wanting actual good price-wise however historically, the main crypto asset doesn’t accomplish that effectively 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 tip of the month in September 2013, BTC was exchanging fingers for $137. But after September, the next months main as much as the tip of 2013, BTC’s value skyrocketed to $1,240 per BTC in December. Again in September 2014, BTC was down and in the course of the first week of the month, it was buying and selling for $482.28 per unit.

Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021's 9th Month Is Different
Bitcoin (BTC) value on Bitstamp on September 5, 2021 – one-month chart through Tradingview.

At the tip of September 2014, BTC’s value dropped even decrease at $377.18 per coin. In September 2015, BTC’s value was a lot decrease than earlier months, and swapping for $239 per unit in the course of 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 value elevated a whopping 663.66% to $4,582.96 per unit.

The value 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 yr 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 in the course of the bear market. BTC’s value 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.

Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021's 9th Month Is Different
Bitcoin (BTC) value on Bitstamp on September 5, 2021 – 15 minute chart through Bitcoinwisdom.io.

BTC dipped down decrease to $8,104 by the twenty ninth of September 2019. The following yr, BTC was buying and selling for $10,280 per coin and by the tip 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 yr’s finish and was over that value in December 2020.

Historically, September is just not the perfect month for BTC and now and again, it does shine in September on uncommon events. Bitcoin continues to be down 29% from the final ATH 5 months in the past when it hit $64,654 per unit.

The pattern on Sunday, September 5, 2021, appears quite a bit 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 consider the present bitcoin market and historic September bitcoin value motion? Let us know what you consider this topic within the feedback part under.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, Bitcoin Wisdom, Tradingview,

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