Bitcoin's 2017 Flashback: Will the September Dump Be a Dud?

Bitcoin's price action is echoing the 2017 bull run. Will the anticipated “September dump” materialize this year? Or will history repeat itself, leaving bears in the dust?

Bitcoin's 2017 Flashback: Will the September Dump Be a Dud?

Bitcoin's price action is echoing the 2017 bull run. Will the anticipated “September dump” materialize this year? Or will history repeat itself, leaving bears in the dust?

Deja Vu All Over Again? Bitcoin's 2017 Impersonation

Remember 2017? Bitcoin was the wild west of finance. According to trader Rekt Fencer, Bitcoin's current trajectory is mirroring that iconic year. The dreaded “September dump,” a seasonal sell-off that has crypto investors on edge, might just be a no-show this time around.

Front-Running the Fear: A Bullish Twist

Fencer argues that Bitcoin already anticipated the September slump, experiencing dips in June and August. This early correction has established a robust support level around $105,000–$110,000. If history repeats itself, we could see Bitcoin blow past expectations, targeting levels between $160,000 and $180,000.

Trump Family's Crypto Bet: A Million-Dollar Prediction

Speaking of bullish, Eric Trump, son of the former POTUS, recently threw down the gauntlet at the Bitcoin Asia 2025 conference. His prediction? Bitcoin hitting a cool $1 million. He cites growing institutional demand and Bitcoin's finite supply as the driving forces behind this audacious forecast. Trump also mentioned his company mines nearly 3% of the total Bitcoin each day.

Is the Correction Already Behind Us?

While September has historically been a shaky month for crypto, current market conditions suggest the correction phase is already in the rearview mirror. Major players like MicroStrategy, BlackRock, and Coinbase are holding strong, signaling long-term confidence in Bitcoin. This could mean Bitcoin is gearing up for a vertical surge, leaving cautious traders in the dust.

Final Thoughts: To Dump or Not to Dump?

So, will Bitcoin follow the 2017 script and defy the September curse? Or will we see a repeat of the seasonal sell-off? Only time will tell. But one thing's for sure: the crypto world is never short on surprises. Whether you're a seasoned investor or just dipping your toes in the water, buckle up – it's going to be an interesting ride!