Bitcoin Slips as ‘Sendtember’ Sets the Stage for ‘Uptober’ Rally
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The post Bitcoin Slips as ‘Sendtember’ Sets the Stage for ‘Uptober’ Rally appeared first on Coinpedia Fintech News Bitcoin’s recent price swings have caught the market’s attention as it enters a historically pivotal period. With Bitcoin dipping to lower levels, traders are watching closely to see if it will align with the typical Uptober trend or face further weakness. Bitcoin Falls Amid August Slowdown After surprising the market with highs over $124,000, Bitcoin has cooled off, slipping over 4% this past month. August is usually a slow month for trading, and Bitcoin has often seen double-digit drops during this time. On average, Bitcoin loses 7.5% in August, with a median return of -1.6%, and 9 of the last 13 Augusts ending in the red. Even during strong bull runs like 2017 and 2021, it has struggled, and 2025 is following the same trend. August is usually a tough month for Bitcoin. – Average return: -7.49%– Median return: -1.57% 9 out of the last 13 Augusts ended in red Even in strong bull runs like 2017 and 2021, BTC didn’t do well in August. So far in August 2025, BTC is down -0.55% small, but following… pic.twitter.com/ADMyGDMOZv — Master of Crypto (@MasterCryptoHq) August 6, 2025 Therefore, the dip is not unexpected; it’s just part of the cycle. It is currently trading at $113,192, down 0.2% in the last 24 hours. However, while August has been a tricky month, it often sets the stage for explosive Q4 rallies. September Test Ahead for Bitcoin All eyes are now on September. Analyst Kaleo notes that September has often marked a local bottom for Bitcoin, hitting this in four of the past five years. As he puts it, “Sendtember is a springboard for Uptober,” setting the stage for potential gains next month. For as much…
