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🔥🔥🔥 Crypto: The Summer will be Decisive for Bitcoin (BTC) 🤔🤔🤔

📌 Bitcoin seasonality shows that summer can often be an accumulation zone for bitcoin (BTC). While the end of summer has historically shown significant risks, this summer could be pivotal. The simultaneous rise in gold prices along with bitcoin rekindles hopes for new bitcoin highs.

Bitcoin seasonality (BTC): summer as a turning point

Bitcoin prices still reliably follow their cyclicity. A new bullish wave could thus form to unveil its bullish potential, and summer would have a major psychological role in this dynamic.

In a statistical study conducted a year ago, we established the typical pattern of bitcoin variations over the year. The study of data from 2015 to 2023 led to the following conclusion:

"This chart shows the “ideal” evolution of bitcoin by the months of the year based on price history from 2015 to 2023. It shows that July, August, and September are generally stagnant months. A strong bullish phase usually starts from late September to December. Therefore, autumn seems to be bullish for bitcoin prices. A new stagnation phase begins between December and January, followed by a rebound in the following month. […] 62% of the time, bitcoin prices rise between (late) September and December. The average increase during this period is more than 70%.

Summer: an “ accumulation ” zone for bitcoin?

The study of data between 2015 and 2023 shows that summer, on average, is conducive to slight “ rises ”. However, when we adjust the average performances for their statistical reliability, the conclusions change slightly. July appears, on average, to be a moderately bullish month but with significant reliability. In contrast, August is generally less performant and less reliable.

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