Bitcoin’s September Slump: Will 2024 Follow the Pattern?

Bitcoin, the world's leading cryptocurrency, has captured the attention of investors for more than a decade. But if history has anything to say, September isn’t Bitcoin’s strongest month. In fact, data from 2013 to 2024 reveals a trend that has become hard to ignore: Bitcoin consistently underperforms in September, with an average return of -4.89%. Year after year, September has emerged as one of the weakest months for Bitcoin holders.


However, savvy investors may not be too worried. As we move into Q4, Bitcoin has historically bounced back in a big way. The final quarter of the year, from October to December, has seen Bitcoin produce an average return of +88.84%. This remarkable recovery suggests that while September might be a rough patch, Bitcoin often finishes the year strong, driving positive quarter-on-quarter (QoQ) growth.


The real question is: Will 2024 be another year of a September dip followed by a year-end rally? Investors are watching closely to see if Bitcoin follows its familiar pattern. 


As we head into the final stretch of the year, Bitcoin enthusiasts are left with cautious optimism, hoping that the cryptocurrency will once again shake off the September blues and surge into the new year on a high note. 


Stay tuned—history could be set to repeat itself.