Akash Girimath
Bitcoin (BTC) price hit $64K this week and is likely to restart the bull run. There are not one but three reasons why investors should buy Bitcoin before 2024 ends. Let’s explore why that is.
Why You Should Buy Bitcoin Before 2024
As mentioned above, here are the three reasons why you should buy Bitcoin before 2024 ends.
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 halvingWe 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.
Frequently Asked Questions (FAQs)
When historical data and post-halving dynamics are combined with institutional demand, it showcases a negative supply shock that indicates why you should buy BTC before 2024 ends.
Historical data shows Bitcoin’s average Q4 return is nearly 90%, making it the best-performing quarter.
Based on the Mars-Vesta cycle and post-halving data, Bitcoin’s price could reach $100K by October 2025.
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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.
