The worth of bitcoin has risen above the $51Okay zone on Sunday and merchants and speculators are curious as to the place the worth is headed subsequent. Traditionally, in September, bitcoin costs don’t fare so effectively and often get higher in October. For that reason, skeptics will not be certain if bitcoin’s value will proceed to be bullish in the course of the ninth month of the yr. To date, nonetheless, the tip of the primary week of September 2021 has been significantly better in phrases of beneficial properties.
Historic Bitcoin Costs in September Are Usually Low and Lackluster, 2021 Has Been Completely different
Bitcoin is doing effectively on Sunday, up 5.4% over the last seven days and 26.3% over the last month. To date it has jumped above the $51Okay area on Sunday night (EST), hitting a excessive of $51,863 per unit.
The primary week of September is sort of over, and to date, BTC is wanting actual good price-wise however historically, the main crypto asset doesn’t accomplish that effectively this month. In 2013, BTC was in the purple 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 in the course of the first week of the month, it was buying and selling for $482.28 per unit.
Bitcoin (BTC) value on Bitstamp on September 5, 2021 – one-month chart by way of 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 in the course of the first week of the month. The top of September 2015 noticed costs even decrease at $232 per bitcoin.
September 2016 was a good month for BTC, as the worth 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. Nonetheless, most individuals know what occurred on the finish of the yr in 2017, as BTC got here awfully near rising above the $20Okay 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 in the course of 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 collect some steam by the primary week of September 2019 and was buying and selling for $9,757 per bitcoin.
Bitcoin (BTC) value on Bitstamp on September 5, 2021 – 15 minute chart by way of Bitcoinwisdom.io.
BTC dipped down decrease to $8,104 by the 29th 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 $20Okay per unit ATH by the yr’s finish and was over that value in December 2020.
Traditionally, September isn’t the very best month for BTC and as soon as in some time, 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 development on Sunday, September 5, 2021, appears rather a lot completely different than years prior as bitcoin bulls are trying to go larger. However with three weeks left in the month, something can occur in the world of bitcoin markets.
What do you consider the present bitcoin market and historic September bitcoin value motion? Tell us what you consider this topic in the feedback part beneath.
