After yesterday’s rise, many have updated their forecasts for Bitcoin and Ethereum prices.
In fact, until yesterday, pessimism prevailed, even though there were those who had already warned that there was unlikely to be another sharp decline in the short term.
However, it should be remembered that September historically has not always been a particularly positive month.
Past performance of BTC and ETH
The main reference points should be the September months of the years following the post-bubble bear markets.
To date there have been three halvings of Bitcoin, all three followed by huge speculative bubbles, in 2013, 2017, and 2021. In all cases the following year (2014, 2018 and 2022) the bubble burst, resulting in a deep bear-market.
So for 2023 it is convenient to take 2015 and 2019 as a reference.
September 2015 was rather flat, while September 2019 the price dropped slightly.
These two pasts do not seem to suggest great things for the price of Bitcoin and Ethereum for t
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