RATE Group | Bitcoin May Surge in the Last Quarter of This Year, Seasonality Chart Shows
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Bitcoin May Surge in the Last Quarter of This Year, Seasonality Chart Shows

15 Sep Bitcoin May Surge in the Last Quarter of This Year, Seasonality Chart Shows

Posted at 17:46h in Bitcoin News by

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Bitcoin, the flagship cryptocurrency, has seen its price drop from a near $20,000 all-time high late last year in one of the worst bear markets the crypto ecosystem has seen. A seasonality chart now shows it’s possible it may surge in the last quarter of this year.

According to MarketWatch, a chart from Element Digital Asset Management shows that bitcoin’s returns in the fourth quarter of most years have been impressive, as the cryptocurrency only saw its value drop in Q4 of 2014 since 2013.

The chart shows that, near the end of September, the cryptocurrency has historically started surging until the end of the year, so much so that in 2015, 2016, and 2017 there were a total of 14 days where it dropped in the fourth quarter.

Bitcoin is, however, a very young currency and its short life means the sample used to make the chart if small. Element’s portfolio…

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