5 Signs Bitcoin Bull Run Is Coming This September📈💸
As September is passing, many crypto enthusiasts are speculating whether this will be a bearish month for Bitcoin. Historically, Bitcoin’s performance in September has not been favorable, with an average loss of -6.18% and a median loss of -4.43%. However, despite the historical trend, experts are suggesting that this year could break the pattern and potentially lead to a Bitcoin bull run. Several indicators point to a potential shift, making the case for a bullish September more compelling than usual.
One of the key factors behind this optimistic outlook is the recent reduction in selling pressure. Over the past few months, significant Bitcoin sales have occurred, with the German government, Mt. Gox, and Genesis Trading offloading more than 170,000 BTC in July and August. Despite the U.S. government still holding over 203,000 BTC, its cautious approach to selling via over-the-counter transactions has helped to minimize any major market disruptions. As a result, the selling pressure has significantly diminished, reducing the likelihood of large sell-offs in September.
At the same time, long-term Bitcoin holders have been accumulating more BTC, signaling their continued confidence in the asset’s future. In August alone, these holders added 262,000 BTC to their portfolios, and they now control an impressive 75% of the total Bitcoin supply. Additionally, major anonymous wallets have remained inactive, further indicating that large-scale sell-offs are unlikely in the near future. This growing dominance of long-term holders could help stabilize the market and set the stage for a potential price increase.
Another reason for optimism is the potential for a surge in Bitcoin exchange-traded fund (ETF) inflows. While net flows into Bitcoin ETFs dipped slightly in August, historical patterns suggest a rebound in September. Experts predict that inflows could range from $500 million to $1.5 billion, boosting demand for Bitcoin. The possibility of a new wave of ETF investments, combined with the general market sentiment, could provide the fuel needed to propel Bitcoin into a bullish trend.
Other macroeconomic factors also contribute to the bullish outlook for Bitcoin. The Federal Reserve may soon reduce interest rates, which could stimulate demand for Bitcoin as investors look for alternative stores of value. Additionally, the collapse of FTX and its repayment of $16 billion in cash could add liquidity to the market, further supporting Bitcoin’s price. Furthermore, the growing political support for cryptocurrency regulations in the U.S. is bolstering investor confidence. Favorable regulatory changes could provide the market with a more secure and stable environment, encouraging more institutional and retail investments in Bitcoin.
Interestingly, one argument for a bullish September is based on the very historical patterns that typically predict a negative outcome for the month. According to data from Spot On Chain, nearly 43% of years with negative Augusts have been followed by positive Septembers. While past performance does not guarantee future results, this pattern suggests that Bitcoin may indeed defy the usual trend and experience a rebound this month.
So concluding all, while Bitcoin’s historical performance in September has generally been bearish, this year presents several signs that could indicate a bullish shift. Reduced selling pressure, increased long-term holding, potential ETF inflows, favorable macroeconomic factors, and regulatory support all point to a possible Bitcoin bull run. If these indicators hold true, September could mark the beginning of a significant upward trend for the cryptocurrency, catching investors by surprise.
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