Bitcoin is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go.
According to price records from on-chain analytics resource Skew, this year should produce Bitcoin's strongest Q3 in its history.
BTC/USD traded at around $10,680 at press time on Sep.
What's more, Bitcoin may seal the second-best quarterly close of its lifetime - but that depends on whether it can stay above Q2 2019's $10,590.
"One more day to go and still looking like second-best quarterly close for bitcoin but it's a close call with Q2 2020," Skew commented.
Bitcoin has stabilized in a $1,000 trading corridor since losing momentum after hitting $12,500 in August.
The opinion is mixed for the short term, and concerns remain that BTC/USD may still drop to fill the last remaining CME futures "Gap" at $9,600.
As Cointelegraph reported, long-term behavioral patterns remain true to form for Bitcoin, with this week proving no different.
Difficulty ribbon compression, a metric designed to quantify suitable BTC/USD entry points, has left its lower green "Buy" zone for the first time since March.
Among traders discussion remains of potential near-term lows, including a dip below the CME gap toward $9,000.
At $10,600, Bitcoin price is on track for its second-best quarter ever
에 게시 됨 Sep 30, 2020
by Cointele | 에 게시 됨 Coinage
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