Bitcoin (BTC), although it has experienced a decline in the past 24 hours, had an exceptionally positive September.

According to CoinGecko data, Bitcoin has gained 10 percent in value in the last 30 days. Historically, Bitcoin had closed a total of eight September months in the negative territory since 2013.

Bitcoin can close the year strongly

Again, historical data indicate that BTC gained strength in October after a bad September. According to Coinglass data, BTC only closed October with a loss in 2014 and 2018 since 2013.

2020, 2021, 2022 and 2023 showed increases of 27 percent, 39 percent, 5 percent, and 28 percent in October, respectively.

The positive trend of September may also be a positive sign for October, which is traditionally a strong month for Bitcoin.

It may be a surprise for investors

However, Charlie Morris, the founder of investment firm ByteTree, believes that the widespread expectation of a strong harvest could surprise investors. Morris said, 'An investor with a contrarian view who sees an idea becoming very popular is always cautious because popularity indicates that money has already been invested according to that event.'

Morris' report also states that Bitcoin consolidated for about six months after the halving and then reached new highs. If this model is valid considering that this year's halving took place on April 19, it is possible to see new highs towards the end of October.