There is no perfect time to buy bitcoin but there may be certain times of the year that are more favourable than others. There are many factors that affect the price of bitcoin and, arguably, seasonality is one of the most consistent.
Back in 2013 when bitcoin was to many a mere whisper from a friend of a friend, we saw one of the strongest bull runs and movements in the price. Fast forward to present day and we have only seen negative Q4 periods in 2014 and 2018.
eToro’s bitcoin report looks at the statistics from mid-2013 to present. Will bitcoin see a strong Q4 and a push back towards $20k or will it buck the trend?
Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.
Like what you read? Give us one like or share it to your friends