Bitcoin course in the third quarter: summer dulls or bullish performance?

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Bitcoin Kurs im dritten Quartal: Sommerflaute oder bullishes Quartal? Die Meinungen über die Bitcoin Kurs Performance im dritten Quartal (Q3) sind geteilt. Manche sind optimistisch, während andere Zweifel haben. Ein Beispiel hierfür ist ein Tweet der Analyse-Plattform Kaiko, in dem spekuliert wird, dass der Markt zusammen mit Bitcoin in eine Phase der Stagnation oder Inaktivität übergehen könnte. Um das hartnäckige Gerücht der Sommerflaute auf den Grund zu gehen, werfen wir einen Blick auf die Performance des Bitcoin Kurses in den letzten 10 Jahren und ob Q3 tatsächlich ein schwaches Quartal ist. Gleichzeitig können wir beobachten, dass die Hash-Rate von Bitcoin …
Bitcoin course in the third quarter: summer dulls or Bullishes Quarter? Opinions about the Bitcoin course performance in the third quarter (Q3) are divided. Some are optimistic, while other doubts have. An example of this is a tweet of the Kaiko analysis platform, in which it is speculated that the market together with Bitcoin could pass into a phase of stagnation or inactivity. In order to get to the bottom of the stubborn rumor of the summer, let's take a look at the performance of the Bitcoin course in the past 10 years and whether Q3 is actually a weak quarter. At the same time, we can observe that Bitcoin's hash rate ... (Symbolbild/KNAT)

Bitcoin course in the third quarter: summer dulls or Bullishes Quarter?

The opinions about the Bitcoin course performance in the third quarter (Q3) are divided. Some are optimistic, while other doubts have. An example of this is a tweet of the Kaiko analysis platform, in which it is speculated that the market together with Bitcoin could pass into a phase of stagnation or inactivity.

To get to the bottom of the stubborn rumor of the summer doldrums, let's take a look at the performance of the Bitcoin course in the past 10 years and whether Q3 is actually a weak quarter. At the same time, we can observe that Bitcoin's hash rate has increased by 660 % in the past 2 years.

historical data show that Q3 has been the quarter with the lowest trading volume in recent years. Kaiko states that the cumulative BTC volume has been significantly lower in the third quarter since 2012 than in the other quarters. This statement is supported by data that show the cumulative volume of Bitcoin per quarter between 2012 to 2022

However, this does not mean a poorly low volume a poorer price performance for Bitcoin. The data of the past 10 years show that Q3 was associated with positive price performance in 6 out of 10 cases. The average price performance of Bitcoin in Q3 is around 15.9 %, which is statistically a positive annual section for the Bitcoin course.

So it is questionable whether there is actually something on the rumors of the summer doldrums. Although the trading volume in Q3 is lower on average, the quarter in the past has proven to be bullish. However, a reliable Bitcoin forecast cannot be derived from this.

The overarching development of the entire Bitcoin network is more important. Bitcoin's hash rate has increased by over 660 % in the past 2 years, which means that network security has increased extremely. This makes it more difficult for malicious players to attack the network.

Overall, we should not overestimate the myth of summer doldrums. The data and the hash rate show that the Bitcoin course also has potential in Q3.