September is traditionally considered one of the worst months for Bitcoin investments. Historical data demonstrates negative results during this period.
Historical Price Trends of Bitcoin in September
In historical context, September has emerged as the weakest month for Bitcoin, based on over a decade of data. The average return in September stands at -5.58%, with a median of -4.43%. The negative trend is evident across various years.
Comparing September Performance with Other Months
September typically ranks second after August for negative performance. In 2022, the drop was 3.1%, in 2021 it was 7.3%, in 2018 it was 5.7%, and in 2014 it reached 19%.
Outlook for Bitcoin in October
October presents a contrast, boasting an average return of +15.2%. This distinction emphasizes that September is advisable to avoid as an investment month.
Historically, September shows negative outcomes for Bitcoin, making it an unfortunate choice for investors. In contrast, October may offer an improvement in the situation.
