{"id":589368,"date":"2023-09-01T09:01:29","date_gmt":"2023-09-01T06:01:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-heads-for-red-september-but-analysts-tip-october-as-days-to-watch\/"},"modified":"2023-09-01T09:01:29","modified_gmt":"2023-09-01T06:01:29","slug":"bitcoin-heads-for-red-september-but-analysts-tip-october-as-days-to-watch","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-heads-for-red-september-but-analysts-tip-october-as-days-to-watch\/","title":{"rendered":"# Bitcoin heads for red September, but analysts tip October as \u2018days to watch\u2019"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-09\/00c63bfd-24cd-4268-8d8c-beca0f346f16.jpg\" \/><\/p>\n<p itemprop=\"description\" class=\"post__lead\" data-v-2649fa34> While history shows September isn&#8217;t usually great for Bitcoin, analysts urged investors to look to mid-October. <\/p>\n<p><\/p>\n<div class=\"post-content\" data-v-2649fa34>Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin \u2014 two ETF analysts have suggested investors turn their gaze to mid-October as the next &#8220;major days to watch.&#8221;<\/p>\n<p>According to historical <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/today\">data<\/a>, Bitcoin\u2019s monthly returns have closed in the red at the end of September nine times over the course of the last 13 years. <\/p>\n<p>Popular crypto analyst Will Clemente informed his 689,000 X followers that September has had the \u201cleast number of positive-returning months\u201d and is on a six-year negative-returning streak.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bitcoin&#8217;s returns broken down by months<\/p>\n<p>September has had the least number of positive-returning months at just two and is on a 6-year negative-returning streak. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4VqZkMubm3\">pic.twitter.com\/4VqZkMubm3<\/a><\/p>\n<p>\u2014 Will Clemente (@WClementeIII) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1697396981583237437?ref_src=twsrc%5Etfw\">August 31, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>There are a number of other factors that point to a bumpy road ahead in September as well, with monitoring resource Material Indicators warning that a \u201cfull retrace\u201d of gains made the wake of Grayscale\u2019s victory over the SEC was a likely course of action for the largest cryptocurrency moving forward. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TLDR: Trend Precognition signals \u2b07\ufe0f on the D chart Prepare to round <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> the range<br \/>BTC &gt;$27,760 invalidates the signal<br \/>BTC &lt;$24,750 paves the road to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bearadise?src=hash&amp;ref_src=twsrc%5Etfw\">#Bearadise<\/a><\/p>\n<p>To expand on what <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TradingParrot?ref_src=twsrc%5Etfw\">@TradingParrot<\/a> shared earlier, on the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> D candle Close\/Open, Trend Precognition presented a\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/sX3Bqj3v57\">pic.twitter.com\/sX3Bqj3v57<\/a><\/p>\n<p>\u2014 Material Indicators (@MI_Algos) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1697055149238190437?ref_src=twsrc%5Etfw\">August 31, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Looking ahead, however, Bloomberg ETF analyst James Seyffart has urged investors to look to mid-October, which is the second decision deadline for the SEC for seven pending spot Bitcoin ETFs \u2014 specifically BlackRock, Bitwise, Valkyrie, WisdomTree, VanEck, iShares and Invesco.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NEXT DATES TO WATCH:<\/p>\n<p>Middle of October are the next major days to watch. Namely October 16th.  (&amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GlobalXETFs?ref_src=twsrc%5Etfw\">@GlobalXETFs<\/a>&#8216; Oct 7)<\/p>\n<p>Also, reminder that we fully expected delays on this round of spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF filings. Would have been a shock if they were <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved this week. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/i14fg8FWun\">pic.twitter.com\/i14fg8FWun<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JSeyff\/status\/1697360209453187085?ref_src=twsrc%5Etfw\">August 31, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>BlackRock&#8217;s Bitcoin ETF the 7th application delayed by SEC on Aug. 31<\/em><\/strong><\/p>\n<p>On Aug. 30, Seyffart and fellow Bloomberg ETF analyst Eric Balchunas\u00a0pinned the chances of a spot Bitcoin ETF approval by the end of this year at 75%. The mid-October dates would be the last deadline for the SEC, at least in 2023.\u00a0<\/p>\n<p>Additionally, Seyffart noted that delays on the most recent round of spot Bitcoin ETF filings were widely expected and that he would\u2019ve been shocked if they were approved in the first round of deadlines this past week.<\/p>\n<p>After surging briefly on the Grayscale <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>, the price of Bitcoin has since fallen 4.5% in the past 24 hours and is currently changing hands for $26,066, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">data<\/a> from CoinGecko. <\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>How to protect your crypto in a volatile market \u2014 Bitcoin OGs and experts weigh in<\/em><\/strong><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-down-september-etf-approvals-october-analysts\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>While history shows September isn&#8217;t usually great for Bitcoin, analysts urged investors to look to mid-October. Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin \u2014 two ETF analysts have suggested investors turn their gaze to mid-October as the next &#8220;major days to watch.&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":589369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDkvMDBjNjNiZmQtMjRjZC00MjY4LThkOGMtYmVjYTBmMzQ2ZjE2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,75147,74863,75849,74898,74355,70934,67874],"class_list":["post-589368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-bloomberg","tag-cryptocurrencies","tag-etf","tag-sec","tag-adoption","tag-regulation","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/589368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=589368"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/589368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/589369"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=589368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=589368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=589368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}