ChainCatcher news, top trader Eugene Ng Ah Sio posted on social media that seasonality is often an important factor in determining animal spirits.As the end of September approaches, the market has never experienced a situation where BTC rises in September and closes down in October since its inception. In the previous 11 years, BTC has only declined twice in October, unrelated to the price movements in September.This data point itself has no significance, but if enough people interpret it as a buy signal, then the self-fulfilling prophecy will spread rapidly.

ChainCatcher news, Matrixport released a report stating that seasonality has become an important cyclical indicator for price predictions. Although the BTC market in January 2024 is not optimistic, February shows strong performance, which aligns with seasonal forecasts. June and early July are still expected to be bullish, so considering all factors, this summer may set new highs. In the past decade, BTC has risen in six out of ten Junes, with an average increase of over 4%.