Bitcoin’s September Slump: A Pattern of Weakness, Followed by Uptober

Bitcoin’s price often experiences a downturn during September each year. This trend, which mirrors the broader market, has been consistent since 2013, with an average drop of around -3.8%. Analysts attribute this to the typical sell-off after late-summer rallies. However, historical data indicates that Bitcoin typically rebounds in October, often experiencing a notable rally known as ‘Uptober’. This pattern suggests a cyclical trend for cryptocurrency prices throughout the year.