Analyst Charles Edwards of Capriole Investments says that Bitcoin’s worst time may be over and that Q4 will bring new bullish energy.
In a post on X, Edwards pointed out that investors have been through one of the worst times for Bitcoin, especially in Q3, which has always been the worst quarter for Bitcoin. With an average return of only +5% and a median return of -4%, Q3 is the worst time to invest.
Bitcoin Sees Q2 Gains
Even though it was the second worst quarter, Q2 did much better than the others, with average returns of +27% and median returns of +7%. Bitcoin’s best quarter so far, on the other hand, was Q4, with an average return of +89% and a median return of +57%.
Edwards tells people who already have Bitcoin, “If you are still here, congratulations.” “The best is yet to come.” It went up almost 57% in Q4 of last year. Investors are keeping a close eye on Q4 to see if it will bring in similar gains as Q3.
Analyst on the chain Checkmate also talked about how Bitcoin has done in both bull and bear markets and found some interesting trends. On days when the market was down, BTC went up by more than 1% 28% of the time and down by more than 1% 38% of the time.
On days when the market was rising, 33% of them saw gains of more than 1%, and 26% saw drops of more than 1%. Bitcoin stayed steady for the rest of the time, changing only by 1%.
Checkmate stressed how difficult it is to day trade BTC , pointing out that performance patterns look like a “three-sided coin”: one-third of days see gains, one-third see losses, and the remaining third stay the same.
BTC has made a comeback in the last 24 hours, rising more than 5% to hit $60,900. This has given traders new hope as they look ahead to Q4.
