{"id":37256,"date":"2024-09-05T06:06:48","date_gmt":"2024-09-05T06:06:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/glassnode-founders-predict-bullish-september-for-bitcoin-despite-historical-trends\/"},"modified":"2024-09-05T06:06:48","modified_gmt":"2024-09-05T06:06:48","slug":"glassnode-founders-predict-bullish-september-for-bitcoin-despite-historical-trends","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/glassnode-founders-predict-bullish-september-for-bitcoin-despite-historical-trends\/","title":{"rendered":"Glassnode Founders Predict Bullish September for Bitcoin Despite Historical Trends"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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The founders of the analytics firm Glassnode, Jan Happel and Yann Allemann, challenge the widely held belief that Bitcoin will experience another bearish September in 2024. Known by their social media handle, Negentropic, they shared insights with their 63,000 followers on X, questioning the notion of Bitcoin\u2019s \u201cSeptember Curse.\u201d<\/p>\n

Bitcoin has historically seen price drops during September, earning it the label of a bearish month. However, Happel and Allemann suggest that 2024 might break this trend. In their post, they stated, \u201cWe doubt 2024 will add to this narrative,\u201d explaining that while the month started sluggishly, there are potential catalysts that could drive prices higher.<\/p>\n

They also point out that when the majority of market participants expect a specific outcome, it becomes less likely to happen due to what they refer to as \u201cSoros\u2019 reflexivity.\u201d This theory suggests market expectations can influence outcomes, and if many anticipate a drop, it might not occur.<\/p>\n

Bitcoin Outperforming NASDAQ 100<\/strong><\/h2>\n

Although Bitcoin saw a slight decline at the start of September, Negentropic highlights that Bitcoin has outperformed the Nasdaq 100 index, a significant benchmark in the stock market. \u201cFeeling bearish? Since September\u2019s market open\u2026 Bitcoin has significantly outperformed the NASDAQ 100,\u201d they noted, suggesting that this outperformance might become more common in the future, even on down days for traditional markets.<\/p>\n

In addition to Bitcoin\u2019s potential bullish trend, Happel and Allemann also pointed to several altcoins that have shown resilience during recent market sell-offs. They identified Starknet (STRK), Celestia (TIA), and Jupiter (JUP) as examples of cryptocurrencies bouncing back with strong volume, indicating potential fundamental strength. They believe these altcoins might be worth watching closely as the market develops.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) The founders of the analytics firm Glassnode, Jan Happel and Yann Allemann, challenge the widely held belief that Bitcoin will experience another bearish September in 2024. Known by their social media handle, Negentropic, they shared insights with their 63,000 followers on X, questioning the notion of […]<\/p>\n","protected":false},"author":34,"featured_media":37257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37256"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=37256"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/37256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/37257"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=37256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=37256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=37256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}