Is Bitcoin Price Priming for a Repeat of the 2012 Chart?

Bitcoin price (BTC USD) is trading at $86,378.81, up 1.26%, and sitting on track to complete something it hasn’t done since 2012: a three-month winning streak from July through September.

July closed up 4.8%, August surged 25.2%, and September is currently 10.9% higher at roughly $86,140, according to CoinDesk’s data.

The last time bitcoin strung together gains in all three of those months was 2012, and what followed was one of the largest rallies in the asset’s history. That’s the hook.

The catch is that the same 2012 sequence was immediately followed by a 9.7% decline in October, before the real move even started.