The month of August ended with a 13% increase in the price of Bitcoin (BTC). However, expectations for next month are not encouraging. According to historical data, September has been showing negative returns for the BTC since 2017.

September shows negative returns for Bitcoin since 2017

In fact, the price closed positively this month in just two years: 2015 and 2016. The worst years were 2014 and 2019, when the price dropped 19.01% and 13.38%, respectively.

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September’s record, in terms of losses, is only better than March.

Despite the BTC’s attempts to break the $50,000 barrier, the price did not show the strength to continue the move. As a result, the price has started to enter a sideways zone between the $47,000 and $50,000 range.