bitcoin quarterly %

🔥 Bitcoin Quaterly returns for Q3 doesn't look good.

By resiliencia | resiliencia | 13 Aug 2020


Hello!

Today I stopped in front of the Bitcoin Quarterly Returns. It is good to stop for a moment and look at things in perspective. It can help us see things that are not so obvious at first.

If we analyze the data of the last few months we can see that Bitcoin has moved from the level of $ 5,000 to $ 12,000 in just 6 months. That is a 140% gain approximately.

I will share with you the Bitcoin Quarterly Returns (%) chart and it will help see how BIG has been this move:

btc Q3.jpg
Source

I know that what I am going to write now can't be compared because it is not measured in the same time-frames but...

The last 2 times we saw an increase higher than 140% are:

  • Q4 of 2017.
  • Q2 of 2019.

And the following quarter after this huge suffered from a big correction (50% and 20% respectively). I should also add that this correction lasted for some time and wasn't short-lived.

Another interesting data is that we are now tied 13 vs 13 if we look at Green/Red Quarters.
Q3 is crucial and if we manage to stay above the 9,000$ mark it will be a green one.

image.png
Source

One thing is clear, what you have to do is continue stacking sats little by little.

If the price of Bitcoin goes down, you can keep buying cheaper and cheaper. However, if the price rises, it is very likely that it will do so parabolically and then maybe it is too late.

Enjoy! 😊


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resiliencia
resiliencia

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resiliencia
resiliencia

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