Bitcoin’s Summer Blues

Seasons, Patterns & Cycles • Aug 1, 2024 at 5:00 AM EDT

Bitcoin’s summer tends to be a weak period with average falls in the double digits between August 01 and September 29 over the last 13 years.

Bitcoin’s summer tends to be a weak period with average falls in the double digits between August 01 and September 29 over the last 13 years. The largest drop was over 60% and prices have only gained 23.08% of the time. However, this is a very volatile time as the largest gain was over 50% in 2017, so the potential for a wild ride during the summer months is also high.

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Seasonax Seasonal Patterns

The two weakest months of the year for Bitcoin are in August and September, with September being the weakest month of the two. In fact every other month of the year tends to see average gains in Bitcoin, apart from August and September. So, this means that this coming period stands out as the seasonally most vulnerable time for Bitcoin downside.

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Seasonax Seasonal Pattern

Video Length: 00:01:47

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