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Can Bitcoin Break Historic September Worth Developments? Spike Above $51K Suggests 2021’s ninth Month Is Completely different

09/06/2021
Can Bitcoin Break Historical September Price Trends? Spike Above $51K Suggests 2021's 9th Month Is Different

The worth of bitcoin has risen above the $51K zone on Sunday and merchants and speculators are curious as to the place the value is headed subsequent. Traditionally, in September, bitcoin costs don’t fare so properly and normally get higher in October. For that reason, skeptics are usually not certain if bitcoin’s value will proceed to be bullish throughout the ninth month of the yr. Up to now, nevertheless, the tip of the primary week of September 2021 has been a lot better when it comes to positive factors.

Historic Bitcoin Costs in September Are Usually Low and Lackluster, 2021 Has Been Completely different

Bitcoin is doing properly on Sunday, up 5.4% over the last seven days and 26.3% over the last month. Up to now it has jumped above the $51K area on Sunday night (EST), hitting a excessive of $51,863 per unit.

The primary week of September is nearly over, and to date, BTC is wanting actual good price-wise however historically, the main crypto asset doesn’t achieve this properly this month. In 2013, BTC was within the crimson 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.

On the finish of the month in September 2013, BTC was exchanging palms for $137. However after September, the next months main as much as the tip of 2013, BTC’s value skyrocketed to $1,240 per BTC in December. Once more in September 2014, BTC was down and throughout 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.

On the finish 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 throughout the first week of the month. The tip of September 2015 noticed costs even decrease at $232 per bitcoin.

September 2016 was an honest month for BTC, as the value began making headway towards the bull run of 2017. On September 4, 2016, bitcoin was exchanging palms 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 worth was decrease on September 24, 2017, on the finish of the month exchanging palms for $3,682.84 per BTC that day. Nevertheless, 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 Reminiscences, Lackluster 2020 Bitcoin Costs Led to New All-Time Highs by the Yr’s Finish

By September 2018, BTC was down once more buying and selling for $7,272 per unit throughout 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 assemble 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 next 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. Once more 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.

Traditionally, September shouldn’t be the most effective 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 loads totally different than years prior as bitcoin bulls try to go larger. However with three weeks left within the month, something can occur on this planet of bitcoin markets.

What do you concentrate on the present bitcoin market and historic September bitcoin value motion? Tell us what you concentrate on this topic within the feedback part beneath.