bitcoin and the rest of the cryptocurrency market have been btc/bitcoin-price-bounces-60k/” rel=”nofollow noopener” target=”_blank”>Trading sideways for most of the year Now, however, the situation is starting to change as there could be a recovery trend for the cryptocurrency market very soon. To this end, a cryptocurrency founder has identified the best and worst times to be an investor in bitcoin and other cryptocurrencies. According to his prediction, the bitcoin/glassnode-bitcoin-crash-37000/” rel=”nofollow noopener” target=”_blank”>The worst could be over for bitcoinand the market could be in for a big moment soon.
The best and worst time to invest in bitcoin
Charles Edwards, founder of digital asset-focused hedge fund Capriole Investments, took to x (formerly twitter) to… x.com/caprioleio/status/1835972005595906070″ rel=”nofollow” target=”_blank”>share When he thinks it's the best time to invest in bitcoin, Edwards attached a screenshot of bitcoin's quarterly returns to the post, showing the best and worst performing quarters.
According to the information, the best quarter for bitcoin is the last quarter of the year, and the worst is the third quarter of the year. According to this, it means that bitcoin/binance-traders-short-bitcoin/” rel=”nofollow noopener” target=”_blank”>The price of bitcoin The market is currently going through its worst-performing quarter. However, this also means that the downtrend could be coming to an end as the month of September is about to end.
The average return for the third quarter is +5.39%, the worst of all quarters. The second worst performing quarter is Q2, but even that is still high at +26.89%, while the average return for the fourth quarter is actually negative at -4.64%, and is the only quarter with a negative average return.
In contrast, the fourth quarter has always been bullish, with average returns of +88.84% and median returns of +56.90%. With less than two weeks to go until the end of the third quarter, Edwards believes the worst is over. “If you’re still here, congratulations. You’ve made it through the worst time to be in bitcoin. The best is yet to come,” the post read.
btc could hit a new all-time high in October
Judging by bitcoin's monthly returns, as shown on Coinglass websiteEdwards' forecast that the fall is almost over appears to be correct. The months of October, November and December have been some of the most bullish months for the currency in history, and this year could be exactly the same.
If this trend continues, the bitcoin price could experience an average increase of around 20% in October. Such a price increase could establish bitcoin-news/bitcoin-toughest-time-why-q4-game-changer/” rel=”nofollow noopener” target=”_blank”>The price of btc on track for a new all-time high. If the uptrend continues, the price of bitcoin would reach a new all-time high by the end of 2024.
Featured image created with Dall.E, chart from Tradingview.com
