- Bitcoin price slips below $30,000 after a relatively stationary weekend.
- A look at the big picture reveals investors need to be cautious in the third quarter.
- Long-term investors must look for buy-the-dip opportunities as bears will likely take over in the third quarter.
With June nearing its end, we need to take another look at the big picture to remind us that we’re in it for the long run. So, in this newsletter, I will give you a perspective of what to expect from Bitcoin in the next two quarters and to better prepare for the same.
Also read: Is Bitcoin’s 2023 bull rally at an end?
Bitcoin’s monthly and quarterly returns
As mentioned in a previous publication, historical returns are key to identifying what comes next. Like clockwork, Bitcoin price returned 68.55% in quarter 1 and 6.55% in the second quarter.
Read More: Bitcoin likely to remain in red through the next quarter if history is any indication
Again, from a historical standpoint, the third quarter is favorable for bears, with an average return of only 4.21%. To make matters worse, July, August, and September are the months with the least average BTC returns, as seen in the chart below.
Lastly, the fourth quarter has an average return of 93.38%, with the highest average return observed in November.
So, the takeaway is simple, sit on your hands or accumulate BTC on the dips for the next three months. After the dreadful third quarter is completed, Bitcoin price is likely to embark on a journey that will shun the first quarter returns and potentially attempt a move to retest the all-time highs at $69,000.
Bitcoin quarterly and monthly returns
Top three Bitcoin reads
Three reasons why Bitcoin’s 2023 rally is just starting
Bitcoin dominance hits two-year high at 51%, jeopardizing altcoin gains
Recent Bitcoin price crash triggers whales to scoop BTC at discount
The top three altcoins read
Whales reveal their hand as they accumulate Optimism’s OP token in millions
Dogecoin Price Prediction: DOGE edges closer to a 20% breakout
XRP price prints this exact bullish pattern again, 25% rally in store for Ripple bulls
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Bitcoin, Ethereum and XRP steady as China slaps 125% tariff on US, weekend sell-off looming?
The Cryptocurrency market shows stability at the time of writing on Friday, with Bitcoin (BTC) holding steady at $82,584, Ethereum (ETH) at $1,569, and Ripple (XRP) maintaining its position above $2.00.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
Bitcoin, Ethereum, Dogecoin and Cardano stabilze – Why crypto is in limbo
Bitcoin, Ethereum, Dogecoin and Cardano stabilize on Friday as crypto market capitalization steadies around $2.69 trillion. Crypto traders are recovering from the swing in token prices and the Monday bloodbath.
Can FTX’s 186,000 unstaked SOL dampen Solana price breakout hopes?
Solana price edges higher and trades at $117.31 at the time of writing on Friday, marking a 3.4% increase from the $112.80 open. The smart contracts token corrected lower the previous day, following a sharp recovery to $120 induced by US President Donald Trump’s 90-day tariff pause on Wednesday.
Bitcoin Weekly Forecast: Market uncertainty lingers, Trump’s 90-day tariff pause sparks modest recovery
Bitcoin (BTC) price extends recovery to around $82,500 on Friday after dumping to a new year-to-date low of $74,508 to start the week. Market uncertainty remains high, leading to a massive shakeout, with total liquidations hitting $2.18 billion across crypto markets.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.