Bitcoin Bulls Gear Up for Fourth Quarter Showdown

Bitcoin Bulls Gear Up for Fourth Quarter Showdown

Bitcoin is off to a strong start for the month of October. The bitcoin price has gained more than 8% in the last 24 hours and is barreling toward $48,000. Investors are gearing up for the fourth quarter, which historically is where bitcoin can do some of its best work.

Will Clemente, lead insights analyst at Blockware Solutions, provided an analysis of the bitcoin price in Q4 going back to 2012. In that period, bitcoin ended the final quarter of the year in the green more frequently than it finished in the red, six times to four.

While it is unclear if the bulls will stay in control in this year’s Q4, market leaders are gearing up for the final stretch. Dan Held, growth lead at cryptocurrency exchange Kraken, tweeted that he is in the middle of his third bitcoin bull run. From what he’s seen, “Q4 is the main show.”