Decodingthemarket

Bitcoin Historic Monthly Returns

BNC:BLX   Bitcoin Liquid Index
THE NEXT STEP OF THE BIG WHALES YOU SHOULD KNOW !!
WATCH THIS DATA!! 😉

It is the perfect time for the new corporation to file the legal paperwork to convert part of its balance sheet to bitcoin in anticipation of a big explosion in bitcoin in October if you think Wyckoff Events and Phases was perfectly prepared for the big whales.
Well..!! they did incredibly well !!
The main reason is that they noticed yearly average decrease in momentum in the next 4 months.
Leveraging the value of NVT network transactions
Number of bitcoins in circulation divided by the amount of bitcoins traded during June, July, August and knowing that September is an average of 2010-2020, the worst monthly returns
Additionally, the NVT network performed below the 150 level along with the 97.50 median level.
that means giving the perfect time for new corporations to join and join the bitcoin family and for existing corporations to accumulate more bitcoins again.
Bitcoin shows strong resistance at $ 42,000- $ 38,000 range is where the price is paying attention along with the price that is performing below 200 MA
It means that the possible price will move in the current range, "side ways"
giving the new corporation to complete all the necessary procedures and the current institution to buy more bitcoins at a low price with a big possibility to retest recent Lows ($30,0000)
Historic Returns
The average monthly gain in August and September is 5.88% and -2.27%. In the last eight years, September has had a negative monthly closing in five on them. Nevertheless, on the years when halving took place, the gains were positive to the tune of 20.2% (in 2012) and 6.5% (in 2016).
The monthly closing for Bitcoin is near its end and the 30-Day volatility in Bitcoin just over 2%. Moreover, the annualized volatility in Bitcoin in September in the last two years have been considerably low following the highly volatile summer months. Could Bitcoin be settling down for another quieter fall?
Quite fall may add and additional -20% to -25% testing the recent drop of 54% and touching $30,000 level
if so, Expecting a MASSIVE MOVE in October knowing November is in average the best monthly return.

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