Bitcoin: The September Storm Is Coming!

September is shaping up to be a crucial month for Bitcoin, marked by growing concerns after a series of monthly declines. The leading cryptocurrency could experience another significant drop, fueling speculation about its short-term future. An analysis is needed as the storm approaches.

Is another massive Bitcoin sell-off coming?

Bitcoin, known for its volatility, is facing a particularly dreaded September. After an 8.6% drop in August, concerns are rising about a potential crash at the beginning of the month.

Historical data shows that September is often a bearish month for crypto, and this year seems no exception.

A crypto analyst, active on the X platform under the pseudonym @thedefivillian, has drawn attention to a troubling trend: the price of Bitcoin has dropped on the 5th of each month over the past few months.

In July, Bitcoin fell below the $55,000 mark, and in August, it experienced another drop to under $50,000.

The prospect of another collapse in early September seems credible, and some are already speculating on a potential drop below $40,000.

As September is underway, fears are palpable. Historically, this month is one of the most bearish for Bitcoin. 

According to data from Coinglass, September has been negative for the ninth consecutive year. If this trend continues, the crypto community could witness another plunge, exacerbated by the already present market volatility.

A bearish month to take into account

September is a feared month for Bitcoin investors, and for good reason. Historical data shows that this month is traditionally bearish for the crypto.

This fact is all the more worrying as the month has already started on a negative note, with Bitcoin struggling to regain the $60,000 level.

This month is among the few to show negative returns both on average and median over more than a decade of trading. In fact, over the last 12 years, September has recorded losses for Bitcoin nine times.

Speculations about a new drop on September 5th are based on a series of recent crashes, each being worse than the previous one. This phenomenon has created an atmosphere of fear among investors, who are preparing for a potential new major crash. If this scenario materializes, Bitcoin could fall to an even lower level, exacerbating the panic in the market.

However, not all experts are pessimistic. Some see September as a necessary passage before a bullish recovery. This idea is based on the fact that, in the past, bearish Septembers have often been followed by growth periods. Thus, while the storm seems inevitable, it could well precede a calm and a positive trend reversal with a line of code from Satoshi that could change the game.