Technical analysis by ProjectSyndicate about Symbol BTC: Buy recommendation (20 hour ago)

Bitcoin is heading into September after recently printing a new ATH, historically September is a red month, so expecting further mild losses heading into September and limited upside, however, once the pattern and correction is complete, we should see another bull run and mark up. 📊 Bitcoin September Seasonality (Last 10 Years: 2015–2024) Yearly September Returns Year📈 Return 2024🟢 +7.39% 2023🟢 +3.99% 2022🔴 −3.09% 2021🔴 −7.03% 2020🔴 −7.66% 2019🔴 −13.88% 2018🔴 −5.95% 2017🔴 −7.72% 2016🟢 +5.94% 2015🟢 +2.52% 📌 At-a-glance stats (2015–2024) 📉 Mean (10-yr): −2.55% ⚖️ Median: −4.52% 🔴 Red months: 6 out of 10 ❌ Worst September: 2019 (−13.88%) ✅ Best September: 2024 (+7.39%) 📅 Recent Performance (last 3 years) 2024: 🟢 +7.39% → Strongest September in a decade 2023: 🟢 +3.99% → Rare green month, breaking the red-seasonality myth 2022: 🔴 −3.09% → Modest dip during a bearish macro cycle ➡️ Average of last 3 years: 🟢 +2.8% ➡️ Average of last 5 years (2020–2024): 🔴 −1.3% 🔎 Key Insights September Slump : Historically, September is known as a "red month" for Bitcoin, often averaging −4% to −6% declines. Over the last decade, the median return (−4.5%) aligns with this bearish narrative. Volatility Factor: The spread between best (+7.39% in 2024) and worst (−13.88% in 2019) September is 21 percentage points, underlining Bitcoin’s volatility even within seasonal patterns. Changing Trend? The last two years (2023 & 2024) both closed green — suggesting the September slump might be losing strength in the current cycle. 🚀 Macro & Market Context 2019–2020: Heavy red Septembers coincided with global macro uncertainty (trade wars, COVID jitters). 2021: Correction phase post-$64k BTC ATH saw September hit −7%. 2022: Ongoing bear market after Terra/LUNA & 3AC collapses kept September negative. 2023–2024: Renewed momentum, institutional inflows, and ETF speculation helped reverse September’s red streak. 🧭 Takeaway While September has historically been Bitcoin’s weakest month, the last two years show signs of reversal. The broader trend reminds us that seasonality is a tendency, not a guarantee — macro cycles and catalysts often override calendar effects.Blueprint to Becoming a Successful Gold Trader in 2025