Bitcoin and the rest of the cryptocurrency market sideways trading for most of the year now. However, things are starting to turn around, as the cryptocurrency market may soon see a revival trend. To that end, the cryptocurrency founder has identified the best and worst times for investors in Bitcoin and other cryptocurrencies. According to his predictions The worst may be behind us for Bitcoinand the market may soon boom.

The Best and Worst Times to Be in Bitcoin

Charles Edwards, founder of digital asset-focused hedge fund Capriole Investments, has turned to X (formerly Twitter) to participation when he thinks it’s the best and worst time to be in Bitcoin. In the post, Edwards included a screenshot of quarterly returns for Bitcoin, showing the best and worst quarters.

According to the information, the best quarter for Bitcoin is the last quarter of the year, and the worst is the third quarter of the year. This means that Bitcoin price is currently going through its worst quarter. However, this also means that the downtrend may be coming to an end, as September is almost over.

The median return for Q3 is +5.39%, the worst of all quarters. The second worst quarter is Q2, but even that remains forceful at +26.89%, while the median return for Q4 is actually negative at -4.64%, the only quarter with a negative median return.

The fourth quarter, on the other hand, has been consistently bullish, with average returns of +88.84% and median returns of +56.90%. With less than two weeks left in the third quarter, Edwards believes the worst is behind us. “If you’re still here, congratulations. You’ve made it through the worst of times for Bitcoin. The best is yet to come,” the post reads.

BTC could reach recent all-time high in October

Considering the monthly Bitcoin profits presented on Coinglass websiteEdwards’ prediction that the decline is almost complete appears to be correct. The months of October, November, and December were some of the most bullish months for the coin on record, and this year could be exactly the same.

If this trend continues, Bitcoin’s price could escalate by an average of about 20% in October. Such a price escalate could cause BTC price on track for a recent all-time high. A continuation of the uptrend would see Bitcoin price reach a recent all-time high by the end of 2024.

Featured image created with Dall.E, chart from Tradingview.com