đš Why You Should Buy Bitcoin Before 2024 Ends ?
$BTC đ§§đ§§
With Bitcoin (BTC) hitting a pause at around $64K, the bear market trauma seems to have caused many investors to open short positions. But there are three critical reasons why you should not be shorting but buying Bitcoin (BTC) before 2024. Letâs understand why.
Why You Should Buy Bitcoin Before 2024
As mentioned above, here are the three reasons why you should consider scooping up BTC:
Historical data shows the best performance of BTC price has always happened in Q4.
Furthermore, post-halving and bull run historical data shows Bitcoin is at the halfway point of the ongoing bull run that began in 2023.
With the approval of spot Bitcoin ETF and Bitcoin options, the institutional demand is only going to increase and thereâs only so much BTC to go around.
All of these data points indicate a massive bull run awaits BTC and the rest of the crypto market.
Historical Data Shows Q4 is Best Quarter
Coinglass Data for the past 11 years shows the average Q4 return is nearly 90%, following this is Q1 & Q2 with 56% and 27% yields, Q3, which is the current quarter weâre in, has the worst performance of 6% return.
As of this writing, Q3 performance of Bitcoin in 2024 stands at 0.41% and goes to show that buying dips before Q4 2024 is the best idea.
