Bitcoin Recovery Trend: Best and Worst Times to Invest

Bitcoin and the broader crypto market have been moving sideways for most of the year, but signs point to a potential recovery on the horizon. A prominent crypto founder has identified optimal and challenging periods for investing in Bitcoin and other cryptocurrencies. With the worst possibly behind us, could this be the start of a promising time for the market?

Identifying Key Investment Trends

Charles Edwards, founder of Capriole Investments, shared insights on the best and worst times to be involved in Bitcoin. Analyzing quarterly returns, Edwards highlighted the strongest and weakest performing periods for the cryptocurrency.

The data indicates that Bitcoin’s best quarter typically occurs in the final part of the year, while its worst quarter falls in the third quarter. Currently experiencing its weakest performance, Bitcoin’s downward trend may soon reach its conclusion as September comes to an end.

While the third quarter sees modest returns at +5.39%, it remains the least favorable quarter. Comparatively, the second quarter performs relatively better at +26.89%, but the fourth quarter shows negative median returns of -4.64%. Notably, the fourth quarter historically shows bullish tendencies with average returns of +88.84% and median returns of +56.90%.

With the third quarter drawing to a close, Edwards suggests that the worst may be over for Bitcoin investors. “If you are still here, congratulations. You made it through the worst time to be in Bitcoin. The best lies ahead,” he affirmed.

Anticipated Leap to New Heights in October

Reviewing Bitcoin’s monthly returns on the Coinglass platform, it appears Edwards’ forecast of an impending recovery is justified. Historical data points to October, November, and December as historically bullish months for Bitcoin, signaling a potential positive trajectory going forward.

If trends persist, an estimated 20% increase in Bitcoin’s price during October could pave the way for a new all-time high. Continued bullish momentum might accelerate this trajectory, potentially leading to a record-breaking Bitcoin price as we approach the end of 2024.

Featured image created with Dall.E, chart from Tradingview.com

In conclusion, as Bitcoin shows signs of a potential recovery and possible new highs, now could be an opportune time for investors to consider their positions. With historical trends pointing towards a positive trajectory, staying informed and strategic in decision-making could yield promising outcomes in the evolving crypto market landscape.