“Based on Bitcoin’s Price Performance Since 2010, April Could Be The Start of A Uptrend, But Risks Remain.”, – WRITE: www.coindesk.com
Few Things Have Compounded As The FIRST QUARTER OF THIS YEAR CLOSES OUT, Leading to the Sell-Off, Including Trump’s Tariff Threats, Global Economic Conceerns and The Lack of a Catal.
However, if History Is Anything to Go by, There Might Be Somemmer of Hope Heading Into The Second Quarter, As April Could Bring a Bullish Setup for Crypto.
Bitcoin’s Heatmap, Based on AVERAGE RETURNS SINCE 2010 (BARCHART)
Based on the Total Percent Return Since 2010, April HAS BROUGHT IN AVERAGE 27% Return for Bitcoin, Marking It The Third-Best Month, Accounting To Barchart Data. November and May Were the Other Two Months with the Highest Returns, with 38% and 26% Gains, Respectiely.
As Coindesk Analyst Omkar Godbole Reported for Crypto Daybook Americas-A Premium Newsletter Offering to Help Traders Make Informed Investment Decisions-This-Season The Market.
“Seasonality Factors Are Not as Reliable As Standalone Indicators, But When Coupled With Other Signs, Such As The Recent Halt in Selling by Long-Term Holders, They Appear Credible,” GOD.
One Cog in the Wheel May Be The Defunct Exchange Mt. Gox’s Transfer of A Significant Amount of Bitcoin to the Centralized Exchange’s Wallets, WHICH COURLD CREATE FEAR OF CREDITORS ‘LIQUIDATIONS.
“A potential short-tertm risk is mt. gox, which has been transferring sizable amuntings of btc to kraken -this May Lead to TEMPORARY SELLING PRESUSURE ORKET CERIIDITY,”
Read More: Now is ‘Really Good Time’ to Buy Bitcoin, Says Trillion Dollar Investment Manager
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