In a new report, the cryptocurrency exchange Kraken stated that Bitcoin usually achieves its best annual performance in the last three months of the year (the fourth quarter), and Bitcoin may see a big increase at the end of the year.
It will more than double the value of BTC from the closing price in September. Based on the average rate of return recorded over the years, Kraken stated that Bitcoin may hover at a level close to $100,000 by the end of the year. The cryptocurrency exchange also stated that, compared to September, October tends to be a more volatile month for Bitcoin.