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In this analysis we're going to take a look at the performance of Bitcoin during the pre-halving year. Specifically, the third quarter (July - September).
As seen on the chart, Bitcoin's performance has ALWAYS been bad in the third quarter. During all three pre-halving years the price dropped over 20% at some point. As of today, BTC is down a little over 4%. A 20% drop from the monthly open would bring Bitcoin back at 25.000$.
Not saying that BTC will fall that much, but that's what historically happened.
What is your view on the third quarter? Going up, going down? Share your thoughts below.
In this analysis we're going to take a look at the performance of Bitcoin during the pre-halving year. Specifically, the third quarter (July - September).
As seen on the chart, Bitcoin's performance has ALWAYS been bad in the third quarter. During all three pre-halving years the price dropped over 20% at some point. As of today, BTC is down a little over 4%. A 20% drop from the monthly open would bring Bitcoin back at 25.000$.
Not saying that BTC will fall that much, but that's what historically happened.
What is your view on the third quarter? Going up, going down? Share your thoughts below.
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