Why You Should Buy Bitcoin Before 2024 Ends

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. Let’s understand why. 

Why You Should Buy Bitcoin Before 2024

As mentioned above, here are the three reasons why you should consider scooping up BTC:

1. Historical data shows the best performance of BTC price has always happened in Q4.
2. Furthermore, post-halving and bull run historical data shows Bitcoin is at the halfway point of the ongoing bull run that began in 2023.
3. With the approval of spot Bitcoin ETF and Bitcoin options, the institutional demand is only going to increase and there’s 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 we’re 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. 

Post-halving Rally

After halving the average Bitcoin cycle starts roughly 170 days after the halving. Since the April 19, 2024 halving, 155 days have elapsed, suggesting that there are only two weeks before the bull cycle restarts. 

From the same data point, if this rally kickstarts in two weeks, it will peak roughly 480 days after halving, which puts the potential top of Bitcoin around August 12, 2025.

The average #Bitcoin cycle:
Starts 170 days after halving
Peaks 480 days after halving

We are currently 147 days after the $BTC halving pic.twitter.com/jINl8Y4usP

— Quinten | 048.eth (@QuintenFrancois) September 15, 2024

As noted in a previous CoinGape article, the Mars-Vesta cycle also showcases a massive bullish outlook for BTC. Based on this Bitcoin price prediction, a $100K per BTC could be a reality in October 2025. 

Related Articles

✓ Share:

Akash Girimath

Akash Girimath, an engineer by training, has developed a deep fascination with the complexities of cryptocurrency markets. As a senior reporter and analyst, he specializes in crypto analysis and contributes his expertise to notable platforms such as AMBCrypto and FXStreet. In addition to his analytical work, Akash actively trades cryptocurrencies and manages a small crypto fund for friends and family. His role involves providing insightful market analysis and keeping readers informed about the latest trends in the crypto world. Follow Him on Youtube , X and LInkedIn

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.