While outlining BTC’s performance this year to past cycles, the expert is providing a valuable perspective to help investors navigate the market today. Following his analysis of the Bitcoin Yearly Seasonality metric, Wedson highlighted that BTC’s action this year up to September has been better than in 2014, 2018, and 2022.
The expert also outlined how BTC’s ongoing price action in September compares to previous Septembers in the past cycles. BTC’s Monthly Seasonality for September reveals that the flagship asset is performing better this month than the historical average.
In the meantime, Bitcoin’s mid-term prospects rely on maintaining or losing this level. A decisive loss of this on-chain and technical support would serve as a powerful sell signal and would cause the market to enter a steep and protracted decline.
