A favorable August for #BITCOIN ?
Surely many of us are asking this, and it is that previously August has been a good month for bitcoin and the #altcoins , we will see the capital of the crypto universe grow hoping that ours will also have the returns we expect?
Below is a brief piece of information regarding this question.
The seasonality of August is favorable for BTC only in the last year of the 4-year cycle.
August does not show an average or median performance that is particularly satisfactory from a statistical seasonal standpoint for BTC. However, when analyzing the data according to the year within Bitcoin's 4-year cycle, it is observed that each last year of the cycle has had a bullish month of August. This does not imply that the market will rise from August 1 to August 31, but it does suggest that the end-of-month performance should be positive according to this approach.
