Historical data suggests Bitcoin will see a price rally by the end of September

Analysts predict that Bitcoin (BTC) could break out of its six-month “halving” range between mid-September and early October this year. According to Rekt Capital’s analysis, Bitcoin typically breaks out of the price stabilization zone 150 to 160 days after the halving. In 2020, this trend lasted for 161 days and resulted in a record high of $69,000 in 2021. However, the September effect could delay this move, as September has historically been a weak month for Bitcoin. Moreover, the current cycle has been different with the entry of traditional financial giants, and Bitcoin reached a new all-time high of $73,800 in March before the halving. Traders should exercise caution in managing risk appropriately, as historical patterns may not repeat themselves.