September 25, 2022

Bitcoin Closes Most Profitable First Quarter Since 2013

Bitcoin Closes Most Profitable First Quarter Since 2013

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

The completed first quarter of 2021 was one of the best 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 continuationrise in prices in April and May. Since 2013, the 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 showed growing dynamics six times - in the range 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.

Bitcoin Closes Most Profitable First Quarter Since 2013

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