Bitcoin is on track to win the all-time high September in 2025, taking on the long-standing seasonal trend.
The mayor’s biggest cryptocurrency in the world has risen 7.39% this month, with the Bulls clearly remaining in the driver’s seat.
This September has been on track so far compared to September 2024 when BTC added 7.29%. Cryptocurrency was also in Green in 2023, adding a rather modest 3.9%.
The worst month for Bitcoin?
The three-year profit streak became known as Bitcoin Bears month in September after six consecutive negative profits. For example, in September 2019, Bitcoin was nose dived by more than 13%. The biggest cryptocurrency holders also faced major losses in 2020 and 2021.
Even in 2017, Bitcoin managed to plunge over 7% in some way in September, despite being in the midst of a massive headline grabbing bull run. This was true because China’s strict crackdown on the first coin offering (ICO) was all rage. In the same month, Chinese authorities also rounded out local crypto exchanges, which accounted for a significant share of global trading volume.
However, based on the latest performance, September may no longer be a bear.
Will Bitcoin regain $120,000?
According to Polymarket users, there is currently a 50% chance that Bitcoin will exceed $120,000 this September.
The cryptocurrency was severely closed on Thursday, but erased some of its profits and is now changing hands at $115,954, according to Coingecko data.
At the same time, there is only a 13% chance that Bitcoin will surge to $125,000.
