{"id":645298,"date":"2024-09-29T14:30:54","date_gmt":"2024-09-29T14:30:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=645298"},"modified":"2024-09-29T08:02:39","modified_gmt":"2024-09-29T08:02:39","slug":"bitcoin-price-to-witness-significant-gains-in-last-3-months-of-2024-historical-data-shows","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-price-to-witness-significant-gains-in-last-3-months-of-2024-historical-data-shows\/","title":{"rendered":"Bitcoin Price To Witness Significant Gains In Last 3 Months Of 2024, Historical Data Shows"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The price of Bitcoin started the year on a bounce, securing a new all-time high before the end of the first quarter of 2024. However, the second and third quarters weren\u2019t all that rosy for the crypto market, with the premier cryptocurrency largely <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/is-bitcoin-heading-for-a-bear-market-analysts-weigh-in-on-the-price-struggles\/\" target=\"_blank\" rel=\"noopener \">moving within a consolidation range<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">September, the last month of the third quarter, was predicted to dampen the bullish impetus of the Bitcoin price, but the contrary has been the case. According to data from CoinGecko, the Bitcoin price is up by more than 10% in September.<\/span><\/p>\n<h2><b>What Happens To Bitcoin Price After A Green September?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In a recent post on the X platform, popular crypto analyst Ali Martinez <a href=\"https:\/\/x.com\/ali_charts\/status\/77318268\" target=\"_blank\" rel=\"noopener nofollow\">shared<\/a> an insight into Bitcoin\u2019s future trajectory based on its price action in the past few years. The crypto pundit explained that whenever the Bitcoin price closes with a green monthly candlestick in September, it sees even more significant gains in October, November, and December \u2014 the last three months of the year.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-what-happens-next\/\" target=\"_blank\" rel=\"noopener \">Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next<\/a><\/div>\n<figure style=\"width: 1199px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GYl3VQWWQAALJkf?format=jpg&amp;name=medium\" alt=\"Bitcoin price\" width=\"1199\" height=\"678\"><figcaption class=\"wp-caption-text\">Source: <a href=\"https:\/\/x.com\/ali_charts\/status\/77318268\" target=\"_blank\" rel=\"noopener nofollow\">Ali_charts\/X<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">As observed in the chart above, September is a historically bearish month for BTC, with the premier cryptocurrency ending the 30-day period with a loss eight times in the last 12 years. Most notably, the price of BTC declined by 19% and 13.4% in September 2014 and 2019, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, the flagship cryptocurrency had a green September in 2015 (2.35%) and 2016 (6.04%). The Bitcoin price ended 2023\u2019s third quarter on a high with a 3.91% gain in September, which in retrospect, seems to be the beginning of the <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/bitcoin-peaks-at-highest-value-in-2-months-above-65000-bull-run-predictions\/\" target=\"_blank\" rel=\"noopener \">current bull run<\/a>. BTC followed this September performance with a trifecta of positive months.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In October 2023, the price of Bitcoin registered an outstanding 25% rally to commence the bull run. This was followed by a mild 9% rise in November before the premier cryptocurrency ended the year with a 12% price surge.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, this red-hot streak was no coincidence, as <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-at-400000-timeline\/\" target=\"_blank\" rel=\"noopener \">historical data<\/a> shows that the Bitcoin price tends to experience bigger price spurts in the months following a green September. For instance, BTC recorded significant double-digit gains in the last three months of 2015 and 2016 \u2014 the only other years with a positive September.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Going by this historical pattern, the Bitcoin price looks set for a significant rally over the next few months, especially having gathered some bullish momentum in the past 30 days. If this projection does hold true, the market leader would likely <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/here-is-why-the-bitcoin-bull-run-hasnt-started-according-to-analyst\/\" target=\"_blank\" rel=\"noopener \">resume its bull run<\/a> and potentially print a new all-time high price before year-end.<\/span><\/p>\n<h2><b>BTC Price At A Glance\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">As of this writing, Bitcoin trades just beneath the $66,000 mark, reflecting a mere 0.2% dip in the last 24 hours.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin\/dogecoin-could-target-0-20-soon-analyst-predicts-is-doge-primed-for-a-rally\/\">Dogecoin Could Target $0.20 Soon, Analyst Predicts \u2013 Is DOGE Primed For A Rally?<\/a><\/div>\n<div>\n<figure style=\"width: 2174px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/CHmIcTAh\/\" alt=\"Bitcoin price\" width=\"2174\" height=\"1432\"><figcaption class=\"wp-caption-text\">The price of Bitcoin on the daily timeframe | Source: BTCUSDT chart on <a href=\"https:\/\/www.tradingview.com\/x\/CHmIcTAh\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<\/div>\n<div><em>Featured image created by Dall.E, chart from TradingView<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The price of Bitcoin started the year on a bounce, securing a new all-time high before the end of the first quarter of 2024. However, the second and third quarters weren\u2019t all that rosy for the crypto market, with the premier cryptocurrency largely moving within a consolidation range. September, the last month of the third quarter, was predicted to dampen the bullish impetus of the Bitcoin price, but the contrary has been the case. According to data from CoinGecko, the Bitcoin price is up by more than 10% in September. What Happens To Bitcoin Price After A Green September? In a recent post on the X platform, popular crypto analyst Ali Martinez shared an insight into Bitcoin\u2019s future trajectory based on its price action in the past few years. The crypto pundit explained that whenever the Bitcoin price closes with a green monthly candlestick in September, it sees even more significant gains in October, November, and December \u2014 the last three months of the year. Related Reading: Analysts Who Correctly Predicted Bitcoin March ATH Forecasts What Happens Next As observed in the chart above, September is a historically bearish month for BTC, with the premier cryptocurrency ending the 30-day period with a loss eight times in the last 12 years. Most notably, the price of BTC declined by 19% and 13.4% in September 2014 and 2019, respectively.\u00a0 Meanwhile, the flagship cryptocurrency had a green September in 2015 (2.35%) and 2016 (6.04%). The Bitcoin price ended 2023\u2019s third quarter on a high with a 3.91% gain in September, which in retrospect, seems to be the beginning of the current bull run. BTC followed this September performance with a trifecta of positive months. In October 2023, the price of Bitcoin registered an outstanding 25% rally to commence the bull run. This was followed by a mild 9% rise in November before the premier cryptocurrency ended the year with a 12% price surge. Interestingly, this red-hot streak was no coincidence, as historical data shows that the Bitcoin price tends to experience bigger price spurts in the months following a green September. For instance, BTC recorded significant double-digit gains in the last three months of 2015 and 2016 \u2014 the only other years with a positive September. Going by this historical pattern, the Bitcoin price looks set for a significant rally over the next few months, especially having gathered some bullish momentum in the past 30 days. If this projection does hold true, the market leader would likely resume its bull run and potentially print a new all-time high price before year-end. BTC Price At A Glance\u00a0 As of this writing, Bitcoin trades just beneath the $66,000 mark, reflecting a mere 0.2% dip in the last 24 hours. Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts \u2013 Is DOGE Primed For A Rally? Featured image created by Dall.E, chart from TradingView<\/p>\n","protected":false},"author":590,"featured_media":645303,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[87818,428,679,1119,78790],"class_list":["post-645298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-ali-martinez","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Price To Witness Significant Gains In Last 3 Months Of 2024, Historical Data Shows<\/title>\n<meta name=\"description\" content=\"The Bitcoin price started 2024 on a bounce, securing a new all-time high before the end of the first quarter. 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While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. \u201cLooking\u201d is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi\u2019s favorite part - in fact, far from it. Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. \u201cThis emphasizes the intricacies of blockchain technology and the cryptocurrency market,\u201d he would say. 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However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi\u2019s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings. Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that \u201cwhatever is worth doing at all is worth doing well.\u201d Hence, you will always find him striving to be better. Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/opeyemi-sule-027bb5227\",\"https:\/\/x.com\/https:\/\/twitter.com\/fwOpeyemi\"],\"url\":\"https:\/\/uniquehot.com\/author\/oluwatosino\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price To Witness Significant Gains In Last 3 Months Of 2024, Historical Data Shows","description":"The Bitcoin price started 2024 on a bounce, securing a new all-time high before the end of the first quarter. 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