Bitcoin’s Historic Trends: Promising Q4 Returns Following Past Halvings

On November 11, COINOTAG highlighted pivotal insights derived from Coinglass data regarding Bitcoin’s historical performance following its halving events in 2012, 2016, and 2020. The investment return rates in the fourth quarter for these years were notable, recording 97.7%, 58.17%, and 168.02% respectively. Specifically, November has proven to be a particularly strong month; the return rates noted were 5.42% in 2016 and a substantial 42.95% in 2020. This trend suggests that there is potential for a robust performance in November 2023. Additionally, Bitcoin’s remarkable increase of 7.35% in September this year not only marked its best performance on record but also sets a historical precedent. Data indicates that following past instances of price increases in September, Bitcoin has typically continued its upward trajectory through the end of the calendar year.