In this analysis I want to solely look at BTC's historical performance in the last quarter.
Historically speaking, Bitcoin's performance has been great during the last 3 months of the year. Where August and September are generally bad months, October through December have more often than not been great.
Around 62% of all Q4's have been positive, with an average move of +89.5%. I'm fairly confident that, largely because of diminishing returns, we won't see a +89.5% move in the coming months, but some bullish price action is to be expected (historically at least).
With the stock markets performance deteriorating rapidly it remains to be seen how well Bitcoin will perform. History is on the bull's side at least.
Are you betting on the bears or the bulls this quarter?
Historically speaking, Bitcoin's performance has been great during the last 3 months of the year. Where August and September are generally bad months, October through December have more often than not been great.
Around 62% of all Q4's have been positive, with an average move of +89.5%. I'm fairly confident that, largely because of diminishing returns, we won't see a +89.5% move in the coming months, but some bullish price action is to be expected (historically at least).
With the stock markets performance deteriorating rapidly it remains to be seen how well Bitcoin will perform. History is on the bull's side at least.
Are you betting on the bears or the bulls this quarter?
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