Bitcoin Closes Most Profitable First Quarter Since 2013

Bitcoin (BTC) closes the sixth month in a row in positive territory.

The completed first quarter of 2021 became one of thembest periods for BTC growth. In addition, BTC traded comfortably for 30 days above the $ 50K psychological support.

The Bloqport team posted a BTC profitability table on their twitter.

Their table indicates a possible continuationprice increases in April and May. Since 2013, a decline in quotations in the second quarter was observed only three times, and the fall did not exceed 7.7%. At the same time, over the same period, Bitcoin demonstrated growing dynamics six times – ranging from 7.6% to 159.4%.

According to cryptanalyst Adam Cochran, the secondquarter could be profitable for bitcoin. According to his analysis, the end of the tax season in the United States, as well as the slow recovery of the US economy, can give a strong enough impetus for Bitcoin and other cryptocurrencies to take off to new highs.

Blogger Plan B believes that "BTC repeats the dynamics of previous cycles, in accordance with the Stock-to-Flow (S2F) model." Network analyst Willie Wu called selling Bitcoin "crazy" right now.

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