Bitcoin (BTC) bulls should not get excited about the recovery from the June lows of $17,500 just yet as BTC heads into its riskiest month in the coming days.
The psychology behind the “September effect”
Historic data shows September being Bitcoin’s most worst month between 2013 and 2021, except in 2015 and 2016. At the same time, the average Bitcoin price decline in the month is a modest -6%.
Interestingly, Bitcoin’s poor track record across the…
Source link
