Observation1:

Out of these 12 months, 9 have given negative returns from Bitcoin. This means that around 75% of the times, Bitcoin gives negative returns in the month of September.

Observation 2:

In a way this is positive news for crypto traders as we can notice that after the fall of price in September we see positive returns in the month of October.

Observation 3:

During the years of bull cycle, bitcoin has given negative returns in the month of September followed by positive returns in the month of October.

2024 DATA ANALYSIS 📊 :

In the month of September, Bitcoin saw a dump of 11% in the beginning and now it has recovered and pumped up maintaining a support zone of $60,145. This is a positive news for bitcoin and this type of movement suggest a bullish trend.

SPECULATION 🔍 :

All these observations and data suggest that bitcoin could see a potential price hike in the month of October with returns potentially going up to 40% within a month and this could mark the beginning of the bull cycle.

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Posted Using InLeo Alpha