Bitcoin Set for Its First Q3 Winning Streak Since 2012: What Can History Teach Us?

Bitcoin is chasing a Q3 winning streak it has not achieved since it traded for pocket change in 2012, and the aftermath of that last streak holds a surprising lesson for anyone betting on history to repeat.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Bitcoin (CRYPTO:BTC) is on track to post its first July-to-September winning streak since 2012. With July and August closed up, September is currently 8.8% higher than August’s close, with just a week left in the month. This Bitcoin winning streak is determined by monthly closes, which reflect the last trading price recorded each month, making September 30 a critical date.

The last successful streak ran from July to September 2012, when Bitcoin was trading around $10. So, what happened after that Bitcoin winning streak, and what can it tell us about Bitcoin’s current path from $85,488?

Bitcoin Has Closed July and August Higher, and September Needs to Hold $78,563

Bitcoin started July after experiencing three consecutive losing quarters, closing June at $58,524. In July, it closed at $62,826, up 7.4%. August saw a further jump, closing at $78,563, a 25% rise. With two months already showing positive gains, the focus now shifts to September.