POTENTIAL FOR ALTCOIN PROFITS IN A BULLISH Q4 2018 CRYPTOCURRENCY MARKET
Despite the massive decline in the cryptocurrency market since the start of 2018, many experts believe that there will be a significant bull run in the last quarter of the year. Such an occurrence would be in line with the trend that seems to have been established in the last couple of years.
Q4 PRICE SURGE: HISTORY REPEATING ITSELF
Since 2016, the cryptocurrency market has ‘come alive’ in the last three months of the year. Take Bitcoin, for example, it began 2016 trading at $434 but ended the year at more than twice that value, at $963. Starting in October, the top-ranked cryptocurrency dispensed with its steady sideways price movement and began an almost constant price march by December 2016.
2017 followed a similar pattern, culminating in the all-time high price of nearly $20,000 reached in mid-December. BTC isn’t the only cryptocurrency to follow such a trend as the altcoin market also experienced great price gains during that time window.
With the start of Q4 2018 less than a month away, the stage seems set for another late-year price rally. Thus, possibilities exist to make significant profits in the altcoin market as prices will close out the year higher than their current levels based on historical trends.
Source: Bitcoinist
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