Bitcoin Seasonality – Following A Different Path

Beginning in mid-April, when Bitcoin has historically seen the highest consistency of positive returns over the following month, its price peaked and quickly gave up most of its YTD gains. In mid-July, Bitcoin’s price finally bottomed out and started to rally right up through Labor Day weekend, when it briefly traded above 50 thousand before falling over 10%.

If there’s ever a time of year when Bitcoin bulls don’t want Bitcoin to follow the seasonal script, it’s the next few weeks. 

1 2
View single page >> |

Disclaimer: For more global markets and macroeconomic coverage, make sure to check out Bespoke’s Morning Lineup and nightly Closer notes, as well as our ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.