Analysis: Bitcoin Price Action in September

There is some speculation that the month of September is typically a “bad” month for traditional financial markets. I wanted to test the theory in regards to Bitcoin’s historical price performance during the month of September. I have highlighted and attached images of Bitcoin’s price action during the month of September in 2017, 2018, 2019, and 2020.

Above we see the BTC/USD daily chart during the month of September 2020 on the Coinbase exchange. At its highest BTC reached about $12,100, and at its lowest BTC fell to about $9,800 resulting in 19% loss. There was a gradual recovery in October and into November where BTC exceeds its September high.

Above we see the BTC/USD daily chart during the month of September 2019 on the Coinbase exchange. Here we see Bitcoin slowly moving downwards, where towards the end of the month we see a larger drop down to about $8000-$8500. BTC’s highest price was just under $11,000 and its lowest during this period was about $7,600, a 29.63% difference.

Above we see the BTC/USD daily chart during the month of September 2018 on the Coinbase exchange. BTC sees losses early in the month as the price falls from a high of $7,400 to a low of $6,100 during the period, resulting in a 17.59% difference in price.

Above we see the BTC/USD daily chart during the month of September 2017 on the Coinbase exchange. BTC sees a gradual fall in price throughout the first half of September, hitting its lowest point on the 14th of the month. The highest price during this period was $4,900 and the lowest price was $3000, resulting in a 39.73% change.

Ultimately Bitcoin and the crypto markets have seen losses in September historically. This period has often proved to be beneficial for long term investors as the price could recover to the upside.