According to a new technical analysis, Bitcoin (BTC) and the wider market of cryptography could reflect historical cycle models after milk. While the market previously joined until July and August, the historic fractals indicate a potential accident in September, followed by a push in a cycle peak later in the year.
September is risky for Bitcoin and the cryptography market
A recent post on X social networks of X Crypto analyst Benjamin Cowen highlighted a recurring model in the action of Bitcoin prices which could have significant implications for the market in the coming months. His analysis shows that Bitcoin has always followed a cycle after milk which presents distinct seasonal price movements, especially around July, August and September.
The graph shared by Cowen illustrates that in the previous cycles, Bitcoin has often joined in July and August, fueling optimism and the strong market feeling. However, each time, this was followed by a September accident, leading to a reset before the last push towards the top of the cycle, which generally arrives in the last quarter of the year.
According to the analysis, this repetitive structure is not unique to a single cycle but appeared on several past cycles, which gives weight to the argument of the expert according to which history could repeat. In 2013, 2017 and 2021, the behavior of bitcoin prices followed this almost identical scheme, showing strength in the middle of summer and weakness in September.
After a final rally at a peak, each of these cycles was finally followed by an extended bear market phase, during which the evaluations strongly corrected their heights. Based on the Cowen report, the current cycle seems to take place in the same way, because Bitcoin has already shown force in July and August this year, aroused concerns that a September decline could approach.
BTC cycles suggest that the market always has room to grow
A new technical analysis of the expert in Crypto-Marche Techdev also reveals a recurring model in the long-term price cycles of Bitcoin, arguing that, contrary to popular belief, the current market can still be far from its peak. The analysis, supported by a historical BTC performance table, shows that each market summit has constantly occurred around 14 months after a specific cyclic signal.
The graph describes several bitcoin cycles dating from 2011, with peaks and stockings clearly marked with green and red indicators. Each ascending execution is followed by a significant correction and then a recovery accumulation phase. The data also revealed that each summit of the cycle often aligned with a measured time of around 420 days.
Based on this model, current projections show that Bitcoin always has room to work. The most recent green marker on the graph notes that the market could already go from its corrective phase. If the historical patterns hold, this could mean that the market enters a prolonged growth window rather than getting closer to exhaustion.
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Warning: for information only. Past performance is not indicative of future results.
