Can Bitcoin Ruin Historic September Worth Developments? Spike Above $51K Suggests 2021’s ninth Month Is Other

The cost of bitcoin has risen above the $51K zone on Sunday and buyers and speculators are curious as to the place the fee is headed subsequent. Traditionally, in September, bitcoin costs don’t fare so neatly and typically get well in October. Because of this, skeptics don’t seem to be certain if bitcoin’s fee will proceed to be bullish right through the 9th month of the 12 months. Thus far, alternatively, the top of the primary week of September 2021 has been significantly better relating to features.

Historic Bitcoin Costs in September Are Ceaselessly Low and Lackluster, 2021 Has Been Other

Bitcoin is doing neatly on Sunday, up 5.4% right through the ultimate seven days and 26.3% right through the ultimate month. Thus far it has jumped above the $51K area on Sunday night time (EST), hitting a excessive of $51,863 per unit.

The primary week of September is nearly over, and up to now, BTC is having a look actual excellent price-wise however historically, the main crypto asset doesn’t accomplish that neatly this month. In 2013, BTC was once within the purple that September after attaining a $240 all-time-high (ATH). It dipped after the former ATH and was once buying and selling for $138 consistent with bitcoin on September 1, 2013.

On the finish of the month in September 2013, BTC was once exchanging palms for $137. However after September, the next months main as much as the top of 2013, BTC’s fee skyrocketed to $1,240 consistent with BTC in December. Once more in September 2014, BTC was once down and right through the primary week of the month, it was once buying and selling for $482.28 consistent with unit.

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

On the finish of September 2014, BTC’s fee dropped even decrease at $377.18 consistent with coin. In September 2015, BTC’s fee was once a lot less than earlier months, and swapping for $239 consistent with unit right through the primary week of the month. The top of September 2015 noticed costs even decrease at $232 consistent with bitcoin.

September 2016 was once a tight month for BTC, as the fee began making headway towards the bull run of 2017. On September 4, 2016, bitcoin was once exchanging palms for $608.63 consistent with coin and it ended the month at $600. From the $600 vary to to September 3, 2017, BTC’s fee greater a whopping 663.66% to $4,582.96 consistent with unit.

The cost was once decrease on September 24, 2017, on the finish of the month exchanging palms for $3,682.84 consistent with BTC that day. Alternatively, most of the people know what took place on the finish of the 12 months in 2017, as BTC got here awfully with reference to emerging above the $20K area.

2018 Undergo Marketplace Reminiscences, Lackluster 2020 Bitcoin Costs Ended in New All-Time Highs via the 12 months’s Finish

Through September 2018, BTC was once down once more buying and selling for $7,272 consistent with unit right through the endure marketplace. BTC’s fee was once even decrease on the finish of the month on September 30, 2018, and was once buying and selling for $6,625 consistent with unit. BTC controlled to assemble some steam via the primary week of September 2019 and was once buying and selling for $9,757 consistent with bitcoin.

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

BTC dipped down decrease to $8,104 via the twenty ninth of September 2019. The next 12 months, BTC was once buying and selling for $10,280 consistent with coin and via the top of that month in 2020, BTC was once $10,775 consistent with unit. Once more from right here, BTC controlled to wreck the $20K consistent with unit ATH via the 12 months’s finish and was once over that fee in December 2020.

Traditionally, September isn’t the most efficient month for BTC and every so often, it does shine in September on uncommon events. Bitcoin remains to be down 29% from the ultimate ATH 5 months in the past when it hit $64,654 consistent with unit.

The craze on Sunday, September 5, 2021, turns out so much other than years prior as bitcoin bulls are making an attempt to move upper. However with 3 weeks left within the month, the rest can occur on the planet of bitcoin markets.