• Fri. Mar 29th, 2024

Historical Data Shows That Bitcoin Will Soon Start Recovering

Alvin Hayes

ByAlvin Hayes

Sep 6, 2022

While many analysts keep scaring us with the worst-case scenario where everything ends with a massive crash without any hope for recovery, we have to look at historical data on Bitcoin price. If we look 7 years back, we will see that September has been the worst month for this asset consistently. After each September, BTC gained back all losses and then some with one of the most impressive Bull Runs taking it to the ATH of $67.5K after a dip in fall.

This event started in September 2020 and ended in May 2022. The whole run was quite impressive, but we can look even further into the past to find even more evidence that September is the moment when bulls start rallying. In 2018, August marked the beginning of a very long bear trend that was established in September and reached its lowest point in December when the price dipped to $3.3K. However, the price recovered just a couple of months later and reached $11.9K by May 2019.

After peaking in August of 2017, BTC started losing momentum during the fall, but it was nothing more but a preparation for a massive surge in price which ended with a spectacular peak of $18.9K in the following December.

Each time, we had many doomsayers talking about the soon crypto apocalypse. Each time, they were proven wrong by a massive Bull Run. The truth is that crypto is simply too big to fall. It is a massive industry evaluated at over $970 trillion even after three consecutive months of bearish changes in the market. Even the US congress has to admit that there is too much power and money in this domain for it to just fall on its bottom and wait for a merciful end.

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We are on the verge of an even bigger dip which may happen in December, but the recovery will follow during the next Spring. Some optimists are even saying that we will see a massive surge by the end of 2022 with BTC reaching $100K. It is an unlikely scenario, but the recovery seems inevitable by May 2023.

Alvin Hayes

Alvin Hayes

Alvin Hayes is a seasoned news writer known for his engaging storytelling and thorough research. With a commitment to accuracy and a captivating writing style, his articles provide readers with insightful and well-rounded perspectives on current events.

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