While Bitcoin is preparing to close the month, if there is no major correction, it is preparing to close March in the green. At this point, as eyes turn to April, does Bitcoin like April? How did he perform in the previous April months? Let's look at the answers to your questions.
In the table below, you can see the comparative performance of Bitcoin in April.
As can be seen in the table, while there is an equality in the decline and rise of Bitcoin in March, if BTC closes this March in green, that is, with an increase, it will not break the last 4-year series of rises.
April for Bitcoin: Bullish Month!
When we look at April, we see that it generally closes in green. Although Bitcoin closed in the red in April 2021 and 2022, we see that the average return was around 50% in the years with an increase. In the months where BTC losses occur, we see that the losses are limited to 1% and 3%, except for April 2022. For this reason, investors' expectations for April are quite high.
At this point, the fact that there has been an increase in April in many years and limited decreases causes us to have a positive outlook on the market for April.
Having been like this in previous years does not constitute a certainty for the rise in next April. Because it should not be ignored that Bitcoin and markets are affected by many dynamics.
Analysts Who Are Successful in Their Predictions Expect a Rise in April!
Markus Thielen, CEO of 10X Research, who is successful in predicting declines and rises, announced that he expects the Bitcoin price to increase by 12% in April.
Referring to historical data in his new report, Thielen stated that he expects an increase based on Bitcoin's historical performance in April, and expects a potential 12% rally for BTC.
“Bitcoin is on a +12% uptrend in April because April tends to be a relatively strong and bullish month for Bitcoin.
It shows positive returns in seven of the last eleven years, with the average return being over 12%.
Therefore, there is a relatively high probability that this April will also be strong.”
Bitcoin tends to rally +12% in April – read more here: https://t.co/DWABLhfinw
April tends to be a relatively strong month for Bitcoin, with six out of the last ten showing positive returns, with average returns of +12%. The probability of another strong month is relatively… pic.twitter.com/P6hp5BgGYZ
— 10x Research (@10x_Research) March 29, 2024
*This is not investment advice.
