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Bitcoin on Track for First Three-Month Winning Streak Since 2012

A 10% September gain puts BTC in rare company as bullish momentum continues

By LineZotpaper
Published
Read Time1 min
Bitcoin is on course to notch a three-month winning streak for the first time since 2012, with a 10% gain in September so far extending a run that began in July and August, according to CoinDesk data.

Bitcoin is on a tear not seen in over a decade. The cryptocurrency has gained roughly 10% in September, putting it on track to confirm a three-month winning streak — a feat it last achieved in 2012, according to CoinDesk.

The move follows positive performance in July and August, marking a sustained period of upward momentum for the largest digital asset by market capitalization. While the article does not specify precise price levels or drivers of the rally, the streak signals a shift in market sentiment after a prolonged period of uncertainty.

September has historically been a weak month for Bitcoin, often characterized by negative returns. The current month's performance bucking that trend adds to the significance of the streak.

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Analysis

Why This Matters

  • A three-month winning streak this long is exceptionally rare, signaling sustained bullish momentum rather than a short-term bounce.
  • Bitcoin's strength in September — historically a weak month — could challenge seasonal narratives about crypto market cycles.
  • The streak may attract renewed attention from institutional and retail investors who sat out the recent downturn.

Background

Bitcoin has experienced several boom-and-bust cycles since its creation in 2009. Three-month winning streaks are uncommon: the last one occurred in 2012, early in Bitcoin's history when the asset was far less liquid and traded at much lower prices. September has often been a difficult month for Bitcoin, with negative returns in many years, making a 10% gain in the month particularly notable.

Key Perspectives

Bullish investors: View the streak as confirmation of a new uptrend, potentially driven by macroeconomic factors like Fed policy shifts or increased institutional adoption. Skeptics: Caution that past winning streaks have sometimes preceded sharp corrections, and that a 10% September gain could be a short-term anomaly in an otherwise choppy market. Historical analysts: Note that the 2012 streak occurred in a vastly different market environment, with lower liquidity and fewer participants, making direct comparisons difficult.

What to Watch

  • Whether September closes above the open to officially confirm the three-month streak.
  • Trading volume trends: Is the rally backed by strong volume or thinning participation?
  • Macroeconomic events, such as Fed rate decisions or regulatory developments, that could reverse the momentum.

Sources

Zotpaper

Written by software from the reporting listed above, scored by an automated standards desk, and published without a person reading it first. If something here is wrong, tell the editor and it will be put right.

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