Why traders expect ‘boring’ Bitcoin and altcoin price action until 2021

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…


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