- Crypto analyst endorsed September as the best time to buy crypto.
- Discussion ensued over the bearish nature of September.
- Some said Bitcoin may never reach $100 as envisaged.
It is that time of the year when panic sets in the crypto market. A tweet by one crypto analyst suggests that September is the best time to buy the dip. In detail, the Bitcoin Monthly Returns chart he shared on his tweet space shows a graphical representation of the market flow from 2013 up to 2021.
The major highlight of the chart is the month of September. Mostly highlighted in red, the chart sees a consistency that comes with September being bearish in the bitcoin chart. To date, this is the most fixed recurring pattern in Bitcoin.
September is bad.
October is great.
November is great.
December is great.
Buy the f*cking dip. pic.twitter.com/eyv75BkgC4
— Michaël van de Poppe (@CryptoMichNL) September 21, 2021
Is There No Green in September?
The crypto community regards the bearish nature of September as a vital topic to discuss. Looking at 2021, many believe that the volatility of bitcoin and other altcoins makes it almost impossible to know if October to December 2021 will be great. On this note, a handful of investors are selling off as September nosedived into a deep bear. Thankfully, the hodlers are not shaken.
From the chart flow above, Bitcoin monthly returns in September tend to be negative almost every year. Notably, The market was otherwise different in 2015 and 2016. More so, 2015 and 2016 were green with a 4% and 6% rise respectively.
2021 started in the bull nodes. February was the best out of the other months of this year so far. Speculations of the positive surge were thought to last till the end of the year. Unfortunately, April came bearing reds. Since then, the digital assets market chart has gone uphill, downhill, and back downhill.
Bitcoin Market Analysis
For crypto hodlers, traders and investors, this is the best time to hodl crypto or even buy more coins for the bullish period. On the other hand, newbies and a few oldies may beg to differ in thought. For them, this is the period to sell because of unforeseen circumstances.
Bitcoin price grew considerably within a short period. Therefore, making the BTC/USD pair pretty much popular among traders and investors. Standing at $42,022.06 according to the CoinMarketCap at the time of writing, bitcoin remains the king in the crypto market.
Additionally, the fluctuation of the coin market has become a thing of utmost concern. One may begin to wonder when bitcoin will rise to $100 as predicted by some crypto analysts.
Are you a calm investor even amid a storm or a panic seller when the chips are down?
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