Bitcoin's Rare August-September Streak Puts $100K In View This 'Uptober'

Bitcoin (CRYPTO: BTC) is on track for its first positive August-September combination since at least 2013, a pattern that historically sets up a strong “Uptober.” Why the Back-to-Back Green Months Matter CoinGlass data shows Bitcoin gained 24.95% in August, its third-strongest August since 2013 and best since 2017, crushing the historical August average of 2.82%. Meanwhile, September is up 7.3% so far with five trading days left in the month, already narrowly topping September 2024 as the strongest September in the dataset, against a typical September loss of 2.34%. Compounded together, Bitcoin’s two-month gain sits near 34.1% based on the current snapshot, and including July’s 7.36% rise, the third-quarter advance would reach roughly 43.9% if September’s gain holds through month-end. What October Has Historically Delivered October has finished positive in 10 of the past 13 years, a 76.9% win rate, with an average gain of 19.92% and a median of 14.71%. Following the five prior years with a positive September, Bitcoin still delivered an October gain four times, averaging 16.76%. Applied mechanically to Bitcoin’s current price, the historical median would put Bitcoin near $96,800, while the average would push it to roughly $101,200. Why Whales Are Buying the Dip Crypto analyst Ali Martinez, who boasts over 167,000 followers on X, posted that Bitcoin dropped 5.24% from $87,400 to a low of $82,800 since September 21, and whales used that weakness to load up. Large entities accumulated roughly 30,269 BTC, worth around $2.57 billion, over the past 96 hours. Martinez also flagged the broader seasonal setup, noting Bitcoin has delivered positive October returns in 10 of the last 13 years. August’s rally carried more than seasonality. Falling long-term Treasury yields, roughly $4 billion in bearish liquidations, and renewed spot ETF demand, including nearly $2 billion of inflows in a single week, all fed the move. BTC Price Action: Key Levels to Watch Trader Michaël van de Poppe, who currently has over 822,000 followers on X, posted that Bitcoin needs to clear $84,700 before any real continuation takes hold, adding he’s willing to bid once that level flips. BTC trades at $84,580, consolidating just below this week’s high of $86,853 after the sharp breakout rally. Price holds well above all EMAs and the SAR at $78,207.18, keeping the broader trend firmly bullish. Key levels for BTC: $86,853 — last week’s high, immediate resistance $80,767 — 20-day EMA, key support below Read Also: Mark Zuckerberg's 'Wartime CEO Mode' Could Drive Meta Stock 'Re-Rating': Gene Munster Says He Missed Muse Becoming Company 'Centerpiece' Photo via Shutterstock