September 2021 looks like a classic for BTC
Q4 is the clear standout for top performance, especially in the year following a block subsidy halving. By contrast, January tends to be bearish — although this year was a conspicuous exception to the rule.
Turning to September, however, and the picture is uninspiring for investors. Summer may be over, but historically, next month has never seen Bitcoin increase by more than 6%.
“Are we going to repeat and have a corrective month across markets, before the continuation of bull cycle?”
Better luck in Q4?
September is already tipped to deliver a slightly lower price zone than August, something that PlanB, creator of the stock-to-flow Bitcoin price models, said is merely a data technicality.
Bitcoiners may not need to grin and bear it for long, however, as October tends to deliver much more convincing momentum.
Yet for the meantime, it seems that a retest of all-time highs will need to wait. At the time of writing, BTC/USD traded at $47,600, having lost around 1.6% in the past 24 hours.