On September 27, renowned trader Eugene Ng Ah Sio took to social media to discuss the important role seasonal trends play in shaping market sentiment for Bitcoin (BTC). His insights come as the end of September approaches, a month often scrutinized for its impact on the cryptocurrency market.

Historical analysis reveals that since Bitcoin’s inception, the market has never seen a scenario where a price increase in September was followed by a decline in October. In the past 11 years, Bitcoin has only recorded two instances of closing lower in October, regardless of September’s performance.

While this trend may not have inherent predictive value, it could lead to a self-fulfilling prophecy if enough traders begin to view it as a bullish signal, potentially driving market behavior in the coming weeks.