Bitcoin Set for Year-End Surge as October Brings Halving Cycle Milestone
The fourth quarter of each year often brings strong performance for Bitcoin, and this year is no exception. Data shows that October and November are usually the best months for Bitcoin, with a surge in its price during these periods.
This year's August rally saw Bitcoin surge by 25%, and while it has followed up with a solid September, historically each of Bitcoin's positive Augusts have been followed by negative September showings. However, this trend may be about to reverse.
The NEOS Bitcoin High Income ETF (BTCI) and the NEOS Boosted Bitcoin High Income ETF (XBCI) are two income-generating funds that could benefit from a potential surge in Bitcoin's price. These options-based ETFs have the potential to buffer against some of Bitcoin's downside, making them attractive for investors who want to mitigate risk.
E*TRADE suggests that historically, bitcoin has tended to bottom roughly 12-14 months after the prior peak, and with the next halving cycle expected in March 2028, October could bring an official end to the digital currency's malaise. However, it's essential to remember that there are no guarantees of seasonality repeating in a given year.