Bitcoin’s 4-Year Cycles Show Strong 2024 Performance in Monthly Returns Heatmap

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	Forwarded this email? Subscribe here for more Bitcoin up for September? Bitcoin’s 4-Year Cycles Show Strong 2024 Performance in Monthly Returns Heatmap Bitcoin Magazine Pro Sep 30   READ IN APP   GM. Today’s headlines: As September draws to a close, $BTC will likely end the month up versus August. Today, after a recent break above the 200-day moving average $BTC is close to retesting that key level. Former Binance CEO Changpeng Zhao gets early prison release. As the month of September draws to a close, $BTC is likely to end the month in the green, recording a gain over the past 30 days of +8.42%.  Figure 1: Bitcoin past month price performance. View Live Chart 🔍  While the market has been bullish in recent weeks, there remains uncertainty among many traders due to the choppy price action of the past three months where $BTC is up just +5.5%. Figure 2: Bitcoin's choppy price action over the past three months.  View Live Chart 🔍 News You Need to Know China central bank reveals stimulus package, expected to boost assets like Bitcoin. Former Binance CEO Chamgpeng Zhao gets early prison release. Former Alameda Research CEO Caroline Ellison sentenced to two years in prison. Tornado Cash loses motion to dismiss the charges against them. The Big Story Let The Money Flow After the recent Federal Reserve 50 basis points cut in interest rates, the People’s Bank of China (PBOC) was not far behind with a package of measures designed to help China’s economy and markets. The slew of announcements last week included a cut in a key short-term interest rate, reduction in required bank reserves, and a package to help shore up the Chinese property market. The key announcement that had risk asset investors' heads turning was the 50 basis point cut in the Reserve Requirement Ratio (RRR) - which will free up approximately $140 billion, which can be used for new lending. That is more money in the financial system, which can find its way into assets that can provide a return for investors.  These recent moves by both the People’s Bank of China and the US Federal Reserve are likely to have significant ripple effects globally as other central banks look to broadly align their strategies with these two major central banks. This fresh liquidity could further increase bitcoin demand, given that it is a hard asset viewed by many as a hedge against government fiscal and monetary risks. As the Global Liquidity chart shows, Bitcoin has historically performed very well once Global Liquidity begins to make new highs and trend upwards.   Figure 3: Global Liquidity M2 and Bitcoin price. View Live Chart 🔍 Right now Global Liquidity is making new highs and we may see further liquidity enter global markets as more central banks look to follow a similar path as the People’s Bank of China. This could add further buy pressure on $BTC in the coming weeks and months.  Key Chart Each week, our BM Pro Analysts hand-pick a must-see chart for you. This week:  Monthly Returns Heatmap Figure 4: Bitcoin Monthly Returns Heatmap. View Live Chart 🔍 What it is: The Bitcoin Monthly Returns Heatmap is a visual representation of Bitcoin's price performance, showing the percentage change for each month since Bitcoin's inception. It uses color coding: green for positive monthly returns, amber for neutral, and red for negative returns. The heatmap helps investors quickly assess Bitcoin's historical volatility and performance patterns on a month-by-month basis. Why this matters: Historical Performance Insight: It allows investors to track and understand Bitcoin's cyclical behavior, highlighting potential seasonal trends in price movements. Psychological Impact: By seeing the long-term performance and patterns of Bitcoin, investors can better manage emotions during periods of high volatility or drawdowns. What’s Happening Now: The month of September 2024 is aiming to close approximately 10% higher than August. Bitcoin’s 4-year cycles are evident by examining the annual returns in the bottom row of the Monthly Returns Heatmap. As we enter Q4, Bitcoin is up around 55% year-to-date, which would be consistent with the historical 4-year cycle pattern of a bullish year this year. Track this heatmap and access other Bitcoin Magazine Pro tools and features here.  Bitcoin Magazine Pro For more detailed Bitcoin analysis and to access advanced features like live charts, personalized indicator alerts, and in-depth industry reports, check out Bitcoin Magazine Pro. Make Smarter Decisions About Bitcoin. Join millions of investors who get clarity about Bitcoin using data analytics you can't get anywhere else. GO TO FREE CHARTS SIGN UP NOW We don't just provide data for data's sake, we provide the metrics and tools that really matter. So you get to supercharge your insights, not your workload. Take the next step in your investing journey: Follow us on X for the latest chart updates and analysis. Subscribe to the YouTube channel for regular video updates and expert insights. Follow our LinkedIn page for comprehensive Bitcoin data, analysis, and insights. Explore Bitcoin Magazine Pro to access powerful tools and analytics that can help you stay ahead of the curve. Invest wisely, stay informed, and let data drive your decisions. Thank you for reading, and here’s to your future success in the Bitcoin market! Subscribed 🎁 Special Offer: Use Code: BMPRO For 10% OFF All Bitcoin Conference Tickets Disclaimer: This newsletter is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions. We sincerely appreciate your support and hope you found this content valuable. Please leave a like and let us know your thoughts in the comments section; we always welcome feedback from our audience! Share Like & Comment Share Bitcoin Magazine Pro   Like Comment Restack   © 2024 BTC Inc. 438 Houston Street, Suite 257, Nashville, TN 37203 Unsubscribe