Bitcoin price has now entered a seasonality period!

Bitcoin is currently in its fourth quant this year. Since Bitcoin completed its halving this year, this fourth quantum is very important, especially for Bitcoin's price. If we follow the Bitcoin price data for the past 10 years, we can see that most of the time when Bitcoin halving is completed, the fourth quantum is a very important time for Bitcoin, where it (BTC) usually performs well in the fourth quarter of the bull cycle year. Especially after the event is half over. Although everything is fine at the moment, suddenly the beginning of this year has started with a drop in the price of Bitcoin. Although everything was going well, the Iran-Israel war got in the way.

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However, the price of Bitcoin suddenly dropped a few days ago and we all know the reason. Since then, Bitcoin's price has rallied slightly and is currently trading around $62,000. However, it is expected that the price of Bitcoin will increase very soon. Apparent demand growth for Bitcoin is still slow, and it will need to grow at a faster rate to catch and sustain price growth in Q4. If we look at past Bitcoin halving periods we see one such cycle or phase where Bitcoin has done quite well in the fourth quantum. BTC needs to pick up.

For example, the seasonal performance seen in 2012, 2016, and 2020, which are all halvings in the past, resulted in BTC price gains of 9%, 59%, and 171%, respectively. Accordingly, if we look at the past charts, we can see that the current position of Bitcoin is following the times of the previous Bitcoin Halves. And if we look closely, we can see how Bitcoin plays in other years as well. But the price of Bitcoin is at a very good level, it would be in a very good position now if it was not for the bad news of the Iran-Israel war. However, the way it is following those times indicates a high probability of price increases in the coming months

The price of BTC is expected to rise to one hundred and eighty thousand dollars this year or next year. However the next target is $85K to $100K of Bitcoin price. Spot Bitcoin ETFs in the US, however, are already showing signs of growing demand. They sold 5,000 BTC early last month which is why we saw a bit of a down in the market but currently they have moved to buy roughly 7,000 BTC. But we all know that if the price of Bitcoin is to increase then there must be a good volume of Bitcoins flowing into it. So if enough volume enters the market then BTC can remain stable in the bull phase. If we look at past trends it indicates that Bitcoin price will lead to an increase in short term supply. On-chain data valuation metrics suggest BTC could rally to $85,000 or $100,000. Of course, for that Bitcoin price must rise in 4Q.