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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.
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