What To Expect From Bitcoin’s Q3? Previous BTC History Shows It Could Be A Lackluster One

  • Bitcoin could very well drop down to $8k if current parabola gets violated
  • Historically Q2 & Q4 are better than Q1 & Q3

The leading cryptocurrency has been enjoying a bull rally since April this year which has Bitcoin surging over 220 percent till date in 2019.

From less than $4,000, Bitcoin went to as high as $13,900 during this rally. Currently, we are trading below $12,000 while down just 41 percent from its all-time high (ATH). The next pump in this month, just like we saw in April, May, and June would take us to a new high.

However, it doesn’t mean a drop, more than the one seen earlier this month that took us to $9,600, is not in the picture.

Current Parabola Violation Could Take us to $8k

Veteran trader Peter Brandt says, if the current parabolic phase gets violated, we can go down to about $8,000.

“If current parabolic phase is violated, we could expect either an 80% correction of 7-month advance or much smaller correction w/ definition of new parabola w/ shallower slope,” Brandt said.

Given the fact that Bitcoin has never dropped more than 40 percent during the bull market, we could go down as far as $8,000-$8,500.

Per the chart shared by Brandt, we could chop just like we did in 2018 after the late 2017 surge.

Bitcoin could see a correction to $8,000 level:

Q3 Going To Be A Slow One

The correction may or may not happen but these three months could be expected to be rather slow. Historically, Q1 provides us with fine returns but Q2 emerges with much stronger gains. Q3 however, always has been a slow one, more or less the same as Q1 while Q4 outshines them all.

“Bitcoin seasonality is usually strong – historically Q2 & Q4 are better than Q1 & Q3. 2019 is no exception so far,” states Skew.

Bitcoin performance in Q3 to be than Q2, expecting to have a slow quarter:

Per this chart, on an average, Bitcoin price could see a surge of about 20 percent which means, we might not be breaking the all-time high record set in last bull cycle at $20,000 in this quarter.

But this could very well be a blessing in disguise. This quarter is the perfect opportunity for people who either missed out or looking to add more BTC to their bags before we move onto the monster rally.

Bitcoin (BTC) Live Price

1 BTC/USD =$11,807.6063 change ~ 0.78%

Coin Market Cap

$217.9 Billion

24 Hour Volume

$6.17 Billion

24 Hour VWAP

$11.81 K

24 Hour Change


Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Deregulating Bitcoin May Increase Speculative Trading Instead of Technical Innovation: Japan’s New Top Financial Regulator

Ryozo Himino, the new top financial regulator of Japan, wants the country to take caution over promoting digital assets, arguing that instead of promoting...

Goldman Sachs New Digital Asset Manager Reveals Plans to Bring A ‘Digital Token' to the Bank

U.S. financial giant Goldman Sachs is pushing forward its plans to launch a digital asset with the appointment of its new digital asset...

Grayscale Ethereum Trust Files with SEC to Halve the ETHE Locking Period Same as GBTC

Grayscale Investments has publicly filed a registration statement on Form 10 with the US Securities and Exchange Commission (SEC) on behalf of its Ethereum...

Florida Teenager Behind the Infamous Crypto Twitter Hack Pleads Not Guilty to 30 Counts of Fraud

Graham Ivan Clark, the 17-year old Florida teenager accused of being the main culprit of the most significant privacy breach in Twitter’s history, has...

Bitmain’s Management Feud Is Finally Affecting Business Operations; AntMiners Shipments Delayed

Bitmain’s top-level struggles cause a three-month delay in Antminer hardware. Two mutually exclusive solutions offered to customers. The constant wrangling within the largest Bitcoin...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today