Bitcoin: July-September Gains Mirror 2012 Setup
Bitcoin posts July-August-September gains for first time since 2012 at $86257.34, with 4h chart showing EMA50 support at $80983.59 and RSI overbought at 76.2.
SourceAnalysis
Bitcoin has recorded gains across July, August and September, a streak unseen since 2012 when October delivered a 9.7% drop before the 2012-13 bull run accelerated.
One data point does not establish a pattern, yet the rarity of three consecutive monthly advances flags attention for BTC price prediction models tracking seasonal flows.
On the 4h chart Bitcoin trades at $86257.34 inside the Bollinger Bands with upper resistance at $87951.04 while RSI(14) sits at 76.2 in overbought territory and MACD registers a bullish golden cross at 1913.93; price therefore sits above both EMA50 support at $80983.59 and EMA200 at $76337.19, suggesting a healthy retracement toward the 50-EMA before any continuation higher.
Omkar Godbole, MMS Finance, CMT
@godbole17Staff of MMS Finance.