"Bitcoin (BTC), Seasonal Strength Expected in February and March… Average 53% Increase in Q1"
Summary
- Bitcoin (BTC) is expected to show seasonal strength during February and March.
- Bitcoin has recorded an average growth rate of 53% during the first quarter.
- In the past, Bitcoin rose 37% on expectations of Trump's election, marking a significant increase.
Bitcoin (BTC) is expected to show seasonal strength during the upcoming months of February and March.
On the 31st, the cryptocurrency-focused media outlet CoinDesk reported, "Historically, both February and March have been periods when Bitcoin has shown strength," adding, "Bitcoin has recorded an average growth rate of 53% during the first quarter."
The media outlet added, "Bitcoin rose by 11% this month, marking the second-best performance in the past 10 months," and noted, "There were significant events as Donald Trump took office as President of the United States and introduced crypto-friendly policies."
Previously, in November of last year, Bitcoin rose by 37% on expectations of Trump's election, marking the highest increase in the past 10 months.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
