The bitcoin price data for September shows that bitcoin ( Bitcoin) continues to follow the same trend as it has over the past decade. BTC prices in September are usually terrible and this month is no exception. 3303 days ago, bitcoin prices fell from $240 per bitcoin to $138 per bitcoin. In September 2014, bitcoin prices fell from $240 per unit to $138 per bitcoin. BTC started the month at $482.28. BTC’s USD value dropped that month by 21.79% to $377.18 per unit at the end September 2014.
Similar to 2015, Bitcoin’s September value was higher in the first month and lower thirty days later. In September 2016, BTC saw a drop of 1.41%. In September 2017, BTC saw a decrease in price by 19.64% over the same period. The bitcoin value in the U.S. Dollar fell 8.89% between September 2018 and September 2018. September 2019 BTC experienced a loss of 16.94%. September 2020 was a good month for Bitcoin. It remained bullish and gained approximately 4.81% against U.S. dollars at that time.
Many people will remember what happened in 2021. BTC was at a lower price and bearish sentiment gripped the trading community last September. While BTC experienced a sub-par September 2021, it rebounded in October to reach a lifetime high of $199.99 on November 10, 2021.
Trader’s have been waking up to the possibility of October bulls reviving the price, despite the past decade of bearish September months. Over the past decade, patterns have shown that September is often bearish while October is generally bullish.
Bitcoin Price Changes Sideways, Crypto Traders Wait Fed Rate Hike. October Price Patterns Give Hope
After a short spike before The merge, BTC has dropped in price over the past two weeks. Jim Wyckoff, Kitco.com’s market analyst, noted that BTC markets have been quiet and consolidating.
Wyckoff stated that ‘price action is quieter and more sideways than usual, with bears and bulls on a level technical playing field in the near-term.’ was written September 16. A drop in prices below the September low chart support would give bears new power to suggest a new leg lower in prices.
An analyst stated that a move above chart resistance at the week’s high would provide bulls with power to suggest further gains.
The crypto economy has been closely with U.S. stocks for the past 12 months. Next week, however, the U.S. Federal Reserve expects to increase the benchmark interest rate by 75 base points.
It is possible that bitcoin ( Bitcoins) prices will drop further after the Federal Bank Rate has been raised. As price patterns in the past have indicated, if the crypto economy falls lower, it is possible that October will see a rebound.