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

Cointelegraph

Published Oct 04, 2020 12:55PM ET

Updated Oct 05, 2020 03:00PM ET

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.

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.

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