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There’s an previous proverb which says that historical past does no longer all the time repeat, but it surely has a tendency to rhyme. If that holds true for Bitcoin (BTC), then a powerful up-move would possibly not occur within the month of September. 

Bybit information presentations that since 2013, Bitcoin has closed September in the red for six years and has controlled a favorable per thirty days shut simplest on two events. The most efficient efficiency was once in 2016 when Bitcoin rose 6.04%.

Day by day cryptocurrency marketplace efficiency. Supply: Coin360

Alternatively, September’s deficient ancient efficiency has no longer stopped small and large traders from accumulating Bitcoin in August. Ecoinometrics reported emerging account balances for addresses protecting 1,000 to ten,000 BTC and for accounts that hang lower than one Bitcoin.

Will September’s deficient ancient file scare away the bulls or will this 12 months be an exception? Let’s analyze the charts of the top-10 cryptocurrencies to determine.