Key facts
- Bitcoin is up 7.33% for September, potentially making it the best September on record.
- A fourth straight green September would be the longest streak on record.
- Bitcoin closed September in the red in eight of the 13 years from 2013 through 2025.
- The average September return for Bitcoin is negative 2.34%.
- Bitcoin reached a high of $87,354 in September.
- The price needs to close above roughly $83,600 on September 30 to secure the record.
Bitcoin is poised to achieve its best-ever September performance, narrowly avoiding the historical "Red September" curse that has plagued the cryptocurrency for years. The digital asset has gained 7.33% this month, a figure that would set a new record if it holds through the close on September 30. This potential record comes after a period of six consecutive red Septembers between 2017 and 2022, and an overall average monthly return of negative 2.34% for September.
The month's trajectory was volatile. It began with Bitcoin opening around $78,500 after a strong August. Mid-month saw a dip following the failure of the Senate's Clarity Act, which led to significant outflows from spot Bitcoin ETFs, and a 25 basis point interest rate hike by the Federal Reserve. However, the market sentiment shifted as ETFs saw substantial inflows, and a short squeeze propelled Bitcoin to a high of $87,354. The price has since pulled back slightly to around $83,000, influenced partly by geopolitical developments.
Technical indicators suggest a continued bullish trend, with the Average Directional Index above 25 and the Relative Strength Index at 61.2. The 50-day moving average is also above the 200-day moving average, a bullish signal known as a golden cross. However, the price remains about 4.4% below its year-to-date high. The average return for October is historically strong at 19.92%, but past performance is not indicative of future results.