Is September Bitcoin’s (BTC) Worst Month of the Year?

Is September Bitcoin’s (BTC) Worst Month of the Year?
  • Bitcoin’s worst month of the year is September which has an average -7% returns.
  • Volatility of Bitcoin was also low in September.

Historically, Bitcoin’s worst month of the year is September which has an average -7% returns, as per Kraken report. Crypto investors need to be prepared for BTC’s performance this month. The price of BTC could move lower during the month than expected. 

BTC Monthly Returns (Source: Kraken)

Despite the lower price movement of BTC this month, volatility of Bitcoin was also low in September. Moreover, September’s nine-year average and median volatility of 61% and 45% respectively, is the lowest of all other months. 

Kraken Report adds, 

“Considering that bitcoin has only returned +25%, has yet to approach its 315-day moving average of 78%, and only 38 days have passed since volatility troughed at 23%, history indicates that incremental market volatility should be expected.”

Bitcoin Archive mentioned in a tweet describing that ‘Volatility is part of the game’.

In addition, crypto enthusiasts Tegar’s portfolio mentioned in a tweet that ‘August was, on average, also the worst-performing month for #Bitcoin. But August this year, #BTC was in green.’

According to CoinMarketCap, the BTC price is trading at $46,847.16 with a 24-hour trading volume of $43,650,801,226, at the press time. 

BTC/USDT Price Chart (Source: TradingView)

The above chart shows the 50-Day Moving Average of BTC. From the chart it is clear that BTC shows a bullish trend. As the BTC price touched the 50-MA two days back, since July end.

Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.