Bitcoin is approaching a potential breakout in late September 2024, which could signal the start of a new growth phase. Analysts highlight that historical data suggests Bitcoin tends to rally about five months after halving. However, average returns in September have historically been negative, while October has typically shown strong performance. Meanwhile, the market remains volatile, with miners facing declining revenues and increasing operational costs. Despite these challenges, major players like BlackRock and new projects such as Cardano’s transition to a DAO are injecting optimism into the market  .