Bitcoin's historic data reveals a strong Q4 performance, suggesting upward potential in the coming months. King coin's monthly returns have been volatile in 2023, ranging from a 39.83% increase in January to a slump of 11.53% in August. Bitcoin 'Pre-Halving Rally' is predicted before the April 2024 run-up to the event ary to lows of -11.53% in August, based on FXStreet calculations. Historical data suggests Bitcoin's cyclical nature with a strong Q4 ahead.
As per the analysis, the ‘Pre-Halving Period’ could see a Bitcoin price decrease before a 're-accumulation' range takes over. A ‘Pre-Halving Rally’ creates a local top from the buying before a ‘Post-Halving Parabolic Uptrend,’ when the price rises very quickly, as per the market researcher.