Cryptocurrency enthusiasts had reasons to celebrate in March. BTC broke all-time records this month, making headlines. Some altcoins also reached new highs. Now, the question on everyone’s mind is how Bitcoin will perform in April, especially with the upcoming halving event. An analyst has reviewed the historical performance of the cryptocurrency Bitcoin for the month of April, revealing interesting results. Let’s delve into the details.
How Does Bitcoin’s Price Perform in April?
Today, analyst CryptoCon informed his followers about Bitcoin’s performance in April. The analyst starts by mentioning March:
“Historically speaking, Bitcoin has performed extremely well this March with a 15% increase. Since 2010, BTC has only closed in the red three times.”
The analyst also comments on how Bitcoin’s price has historically behaved in April:
“April is approaching. April has been one of the good performing months for Bitcoin. Nine out of the April months have closed in green. Moreover, almost all the April months that closed in red were during bear markets.”
BTC’s Performance Over the Years
While evaluating Bitcoin’s price for the flagship cryptocurrency over the last 14 years, the analyst also compares the performance of different months. According to the analysis, the cryptocurrency BTC has had more green months in nine out of the last 14 years. The analyst views the April to July period as a series of good months.
Looking at the years, the analyst labels February and October as the months with the highest increases. He points out that the months with the most declines are March, August, and September. According to the analyst, the worst part of the year for the cryptocurrency Bitcoin might have passed, so it could be time to prepare for a new rise.
The analyst typically states that closing a typically red month in green is always good, suggesting that investors can look forward to a hopeful April. Will April be a month of breaking new records for Bitcoin’s price? Only time will tell.
