Bitcoin (BTC) price has been stuck in a range for weeks now but traders generally expect a slow fourth quarter for the top-ranked digital asset.
Bitcoin quarterly returns (%). Source: Skew.com
In 2018 and 2019 Q4 closed net negative, injecting a bit of bearish sentiment into the market. In the near term, a boring Q4 of further downside from Bitcoin price could cause altcoin prices to dump further.
At the moment, multiple technical analysts are closely watching the bounce in the Bitcoin…