At $10,600, Bitcoin price is on track for its second-best quarter ever

Bitcoin is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go.

According to price records from on-chain analytics resource Skew, this year should produce Bitcoin's strongest Q3 in its history.

BTC/USD traded at around $10,680 at press time on Sep.

What's more, Bitcoin may seal the second-best quarterly close of its lifetime - but that depends on whether it can stay above Q2 2019's $10,590.

"One more day to go and still looking like second-best quarterly close for bitcoin but it's a close call with Q2 2020," Skew commented.

Bitcoin has stabilized in a $1,000 trading corridor since losing momentum after hitting $12,500 in August.

The opinion is mixed for the short term, and concerns remain that BTC/USD may still drop to fill the last remaining CME futures "Gap" at $9,600.

As Cointelegraph reported, long-term behavioral patterns remain true to form for Bitcoin, with this week proving no different.

Difficulty ribbon compression, a metric designed to quantify suitable BTC/USD entry points, has left its lower green "Buy" zone for the first time since March.

Among traders discussion remains of potential near-term lows, including a dip below the CME gap toward $9,000.