Over the last week of September, bitcoin has grown by almost 1%, which means that the end of the month can be considered positive.
And this inspires optimism among crypto investors, as historically, the "green" September has been a favorable period for the market, often preceding strong growth in the last quarter of the year.
Bitcoin closed the monthly candle in the green zone in September 2015, 2016, 2023 and 2024, and the average return for the fourth quarter exceeded 53%. To be more precise, in October the average yield is 21.8%, in November it is 10.8%, and in December it is 3.2%, which indicates October as a key moment of growth, while the figures at the end of the year varied.
In such cases, the profitability of bitcoin in the fourth quarter ranged from 45% to 66%, which often led to new highs. If the situation repeats, the flagship cryptocurrency could reach $170,000 by the end of the year, based on current levels.
Seasonality data shows that October usually acts as a "launching pad", and bitcoin's growth continues in November and in some years in December. This effect was especially noticeable in the years after the halving, as capital inflows and market positioning contributed to the new pricing of cryptocurrencies.
Based on history and evolving market conditions, the situation is almost certain to be positive this year. However, in most cases, significant growth begins around the third week," said cryptanalyst Timothy Peterson.
Past results do not guarantee future ones, but the upward trend in the BTC exchange rate after the "green" September adds weight to bullish forecasts for the coming months. Bitcoin is confidently trading above $110,000, and the last quarter may again be crucial for this asset.