Why You Should Buy Bitcoin Before 2024 Ends

As a seasoned researcher with over two decades of experience in the financial markets, I have seen my fair share of bull runs and bear markets. However, the current situation with Bitcoin (BTC) is one that has caught my attention like no other. With my fingers firmly on the pulse of the crypto market, I can confidently say that you should not be shorting but buying Bitcoin before 2024.


As Bitcoin (BTC) temporarily hovers around $64,000, the aftermath of the bear market appears to have prompted numerous investors to take on short positions. However, it’s important to consider three compelling reasons for not shorting but instead buying Bitcoin (BTC) before 2024. Let’s delve into why that might be the case.

Why You Should Buy Bitcoin Before 2024 Ends

Why You Should Buy Bitcoin Before 2024

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

    Historical data shows the best performance of BTC price has always happened in Q4.
    Furthermore, post-halving and bull run historical data shows Bitcoin is at the halfway point of the ongoing bull run that began in 2023.
    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

Over the last eleven years, Coinglass Data indicates that on average, the fourth quarter (Q4) tends to yield a staggeringly high return of close to 90%. This is followed by Q1 and Q2 with more moderate returns of approximately 56% and 27%, respectively. It’s worth noting that the current quarter, Q3, typically delivers the lowest performance among these quarters, with an average return of just 6%.

Why You Should Buy Bitcoin Before 2024 Ends

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

Following a Bitcoin halving event, the new average cycle length is approximately 170 days. Given that the last halving occurred on April 19, 2024, we’ve already passed 155 days. This implies that the bullish market phase could resume within just two weeks.

If a new rally for Bitcoin begins within the next fortnight, we can estimate that its peak may occur approximately 480 days following the last halving event. This suggests that the highest point of Bitcoin could be reached on or 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
— Quinten | 048.eth (@QuintenFrancois) September 15, 2024

 

In my analysis, I’ve observed that the Mars-Vesta cycle holds significant promise for Bitcoin’s future. This astronomical pattern suggests a strong bullish trend, and it’s quite possible that we might see Bitcoin trading at $100K per coin by October 2025.

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2024-09-21 15:47