Bitcoin may rally in September due to announced Institutional Purchases...

September is historically a weak month for bitcoin.

In fact, it's either the weakest or 2nd weakest depending on how you want to define "weakest".

However, with August seeing some consolidation to end the month and a lot of institutions buying over the summer, we could see some major fireworks...

The main reason being?

Institutions...

During the summer dip, a lot of institutions likely bought in and will be announcing in the coming days...

(Source: https://fintechs.fi/2021/09/02/bitcoin-to-rally-more-in-september-as-institutions-report-btc-purchases/)

These announcements are likely to give BTC a boost at a time when it is historically weak.

This is why sometimes it is ok to throw historical data out the window.