Can Bitcoin Break Historical September Price Trends? Spike above $ 51,000 suggests 9th month 2021 is different – Bitcoin Planet Market Updates

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The price of bitcoin broke through the $ 51,000 zone on Sunday and traders and speculators are curious where the price is heading next. Historically, in September, bitcoin prices have not been doing as well and typically improve in October. For this reason, skeptics are uncertain whether the price of bitcoin will continue to be bullish in the ninth month of the year. So far, however, the end of the first week of September 2021 has been much better in terms of earnings.

Historical Bitcoin Prices In September Are Often Low And Dull, 2021 Was Different

Bitcoin is doing well on Sunday, up 5.4% in the past seven days and up 26.3% in the last month. So far, it has passed the region of $ 51,000 on Sunday night (EST), hitting a high of $ 51,863 per unit.

The first week of September is almost over, and so far BTC looks really good in terms of price, but traditionally the main crypto asset is not doing so well this month. In 2013, BTC was in the red in September after hitting a record high of $ 240 (ATH). It plunged after the previous ATH and was trading at $ 138 per bitcoin on September 1, 2013.

At the end of September 2013, BTC was trading hands for $ 137. But after September, the following months until the end of 2013, the price of BTC skyrocketed to $ 1,240 per BTC in December. Again in September 2014, BTC was down and in the first week of the month it was trading at $ 482.28 per unit.

Bitcoin (BTC) price on Bitstamp on September 5, 2021 – month chart via Tradingview.

At the end of September 2014, the price of BTC dropped even lower to $ 377.18 per coin. In September 2015, the price of BTC was much lower than in previous months and traded for $ 239 per unit in the first week of the month. At the end of September 2015, prices fell further to $ 232 per bitcoin.

September 2016 was a decent month for BTC as the price started to move up towards the bull run of 2017. On September 4, 2016, bitcoin traded hands for $ 608.63 per coin and it ended the month at $ 600 . From the $ 600 range as of September 3, 2017, the price of BTC has risen 663.66% to $ 4,582.96 per unit.

The price was lower on September 24, 2017, at the end of the month, trading hands for $ 3,682.84 per BTC that day. However, most people know what happened at the end of the year in 2017, when BTC came very close to surpassing the $ 20,000 region.

Memories of the bear market of 2018, lackluster Bitcoin prices in 2020 led to new all-time highs by the end of the year

In September 2018, BTC was down again to $ 7,272 per unit during the bear market. The price of BTC was even lower at the end of the month on September 30, 2018 and was trading at $ 6,625 per unit. BTC managed to gain momentum in the first week of September 2019 and was trading at $ 9,757 per bitcoin.

Bitcoin (BTC) price on Bitstamp on September 5, 2021 – 15 minute chart via Bitcoinwisdom.io.

BTC fell to $ 8,104 on September 29, 2019. The following year BTC was trading at $ 10,280 per coin and at the end of that month in 2020 BTC was $ 10,775 per unit. Again from there, BTC managed to surpass the $ 20,000 per unit of ATH at the end of the year and topped that price in December 2020.

Historically, September is not the best month for BTC and every now and then it shines in September on rare occasions. Bitcoin is still down 29% from the last ATH five months ago, when it hit $ 64,654 per unit.

The trend on Sunday, September 5, 2021 looks very different from previous years as Bitcoin bulls try to go higher. But with three weeks remaining in the month, anything can happen in the world of bitcoin markets.

What do you think of the current bitcoin market and the historical evolution of bitcoin prices in September? Let us know what you think of this topic in the comments section below.

Tags in this story 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, Bitcoin price, bitcoin price, BTC, Historical BTC prices, market updates, Markets, Price rise, price spike, Price, September, September 2021

Image credits: Shutterstock, Pixabay, Wiki Commons, Bitcoin Wisdom, Tradingview,

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