According to Bijié Wǎng, Bitcoin is on track for its weakest fourth quarter in seven years, with potential losses of 22.54% this month. The sharp decline contrasts with the typical end-of-year rally, reflecting growing investor caution. Historical data shows the last similarly weak Q4 was in 2018, when Bitcoin fell 42.16% after a bull run. Current fear and greed index stands at 23, indicating extreme fear, driven by macroeconomic pressures and regulatory uncertainty. Analysts warn that pessimism and weak technicals could lead to further short-term declines, though Bitcoin’s historical resilience suggests potential for a rebound.
Bitcoin Faces Worst Fourth Quarter in Seven Years Amid Market Panic
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Summary
Bitcoin news shows the cryptocurrency is heading for its worst fourth quarter in seven years, with a potential 22.54% drop in December. The fear and greed index now sits at 23, signaling extreme fear. Market pressures and regulatory concerns are fueling the downturn. Bitcoin news highlights a sharp contrast to usual end-of-year gains. The last similar Q4 slump was in 2018, when Bitcoin fell 42.16%. Analysts warn of more short-term losses, though history shows Bitcoin can recover.
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