Bitcoin posts three straight monthly gains for first time since 2012
- —July +4.8%, August +25.2%, September +10.9% to $86,140
- —Only prior three-month winning streak was in 2012
- —In 2012, October fell 9.7% before a 2,000% rally into April 2013
- —Sample size is tiny: the pattern has appeared just once in bitcoin's history
Why it matters: The pattern's rarity and bitcoin's four-year cycle hint at a possible bullish phase from October-November, though a 2012-scale rally is unlikely today.
Source: Cryptonews.net