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

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

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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 often get higher in October. Because of this, skeptics aren’t positive if bitcoin’s value will proceed to be bullish through the ninth month of the 12 months. To date, nevertheless, the top of the primary week of September 2021 has been a lot better when it comes to good points.

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. To date 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 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 pink 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 fingers for $137. However after September, the next months main as much as the top of 2013, BTC’s value skyrocketed to $1,240 per BTC in December. Once more in September 2014, BTC was down and through 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 through the first week of the month. The tip of September 2015 noticed costs even decrease at $232 per bitcoin.

September 2016 was a good month for BTC, as the value 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 worth was decrease on September 24, 2017, on the finish of the month exchanging fingers for $3,682.84 per BTC that day. Nonetheless, 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 Recollections, 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 through 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 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. Once more from right here, BTC managed to interrupt the $20K per unit ATH by the 12 months’s finish and was over that value in December 2020.

Traditionally, September is just not the most effective month for BTC and every so often, 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 increased. However 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 value motion? Tell us what you concentrate on this topic within the feedback part beneath.

Tags on this story
2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, Bitcoin Price, bitcoin prices, BTC, Historical BTC Prices, market updates, Markets, Price Rise, price spike, Prices, September, September 2021

Picture Credit: Shutterstock, Pixabay, Wiki Commons, Bitcoin Knowledge, Tradingview,

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