The Bitcoin market had an impressive first quarter with a return of +68.7% and reaching a milestone of $73,000 in mid-March. However, the second quarter saw a decline with a quarterly return of -12%. In July, the market had a positive return of +3.09%, but August saw a negative return of -8.73%. In September, the market had a -3.12% monthly return. The current quarter has a return of -8.87%, with historical data showing that the third quarter typically has negative returns. The last quarter of the year has historically shown positive returns for Bitcoin, with the previous year's fourth quarter reporting a +56.6% performance. Based on these patterns, it is unlikely that the BTC market will have a positive return this quarter, but there is potential for a promising last quarter of the year.
- Content Editor ( coinpedia.org )
- 2024-09-10
Bitcoin Price Forecast: Is a Major Bull Run Coming in Q4?