Bitcoin price soared above the $ 51,000 zone on Sunday and traders and speculators are curious about where the price is going next. Historically, Bitcoin prices don’t do that well in September and usually get better in October. Because of this, skeptics are unsure that Bitcoin’s price will continue to be bullish in the ninth month of the year. So far, however, the end of the first week of September 2021 has been much better in terms of profits.
Historic Bitcoin prices in September are often low and lackluster, 2021 was different
Bitcoin is doing fine on Sunday, up 5.4% in the last seven days and 26.3% in the last month. So far, it jumped above the $ 51,000 region on Sunday evening (EST), hitting a high of $ 51,863 per unit.
The first week of September is almost over and so far BTC looks really good priced, but traditionally the leading crypto asset is not doing that well this month. In 2013, BTC was in the red in September after hitting an all-time high (ATH) of $ 240. It fell after the previous ATH and was trading for $ 138 per bitcoin on September 1, 2013.
At the end of September 2013, BTC traded hands for $ 137. But after September, the following months through late 2013, the price of BTC soared to $ 1,240 per BTC in December. In September 2014, BTC was down again, trading at $ 482.28 per unit for the first week of the month.
At the end of September 2014, the price of BTC fell even lower to $ 377.18 per coin. In September 2015, the price of BTC was much lower than in previous months and was traded for $ 239 per unit in the first week of the month. At the end of September 2015, prices were even lower at USD 232 per Bitcoin.
September 2016 was a decent month for BTC as the price moved towards the 2017 bull run. On September 4, 2016, Bitcoin traded hands for $ 608.63 per coin, ending the month at $ 600. From the $ 600 mark through September 3, 2017, the price of BTC soared a whopping 663.66% to $ 4,582.96 per unit.
The price was lower on September 24, 2017, trading hands for $ 3,682.84 per BTC that day at the end of the month. However, most people know what happened in late 2017 when BTC came very close to spiking above the $ 20,000 region.
Memories of the 2018 bear market, lackluster Bitcoin prices for 2020 led to new all-time highs by the end of the year
By September 2018, BTC was down again during the bear market, trading at $ 7,272 per unit. The price of BTC was even lower at the end of the month on September 30, 2018, trading for $ 6,625 per unit. BTC gained some momentum in the first week of September 2019 and was trading for USD 9,757 per Bitcoin.
BTC dropped to $ 8,104 by September 29, 2019. The following year, BTC traded for $ 10,280 per coin, and by the end of that month in 2020, BTC was trading at $ 10,775 per unit. From here, BTC once again managed to break the $ 20,000 per unit ATH by the end of the year and was above that price in December 2020.
Historically, September isn’t the best month for BTC, and on rare occasions September shines. Bitcoin is still down 29% from the last ATH five months ago when it hit $ 64,654 per unit.
The trend on Sunday September 5, 2021 appears to be very different from previous years as the Bitcoin bulls try to move higher. But with three weeks left in a month, anything can happen in the world of bitcoin markets.
What do you think of the current Bitcoin market and the historical Bitcoin price development in September? Let us know what you think on this matter in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Bitcoin Wisdom, Tradingview,
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement for any product, service, or company. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.