Key Points
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Bitcoin has historically performed best in the final quarter of the year, with average gains of 80%.
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Strong demand from institutional investors should continue to push up the price of Bitcoin.
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While Bitcoin is up 30% for the year, it continues to underperform relative to other top cryptocurrencies.
Year to date, Bitcoin(CRYPTO: BTC) is up 30%, capped off by a sizzling early October rally that has already seen its price hit $120,000. That’s just a stone’s throw away from an all-time high of $124,457, which it hit during the summer.
So is Bitcoin a buy now? Or are there better buys out there right now in the crypto market? Let’s take a closer look.
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The Bitcoin seasonality effect
If history is any guide, Bitcoin performs best in the final…
