Predicting the behavior of an asset as volatile as Bitcoin (BTC) can be an act of recklessness, knowing its famous ups and sudden downs that cause many investors serious headaches due to the uncertainty that this cryptocurrency generates. However, despite this when we observe its historical behavior through graphic records we realize certain patterns or trends that the price of this crypto has manifested from its beginnings to the present day, with the month of April being a key period in which BTC usually takes flight, at least during the last 5 years.
Generally, the fiscal year starts from the second quarter of each year, i.e. from April, so after fulfilling fiscal commitments (tax payments) companies and individuals usually start their investment or spending period from the fourth month of the year. In such sense, observing the BTC comprehtmiento since 2017 (even before) until today evidences a marked bullish pattern beyond whether the crypto lives a period of bear hibernation or bull run.
2017
2018
2019
2020
Beyond what the charts indicate, without me possessing the gift of clairvoyance it seems to me that this year will not be different from the previous ones, since the bullish behavior that BTC has maintained during the first quarter of 2021 offers no signs of stopping, at least during the period April 1 / May 1. On the other hand, everything indicates that the BTC price has not reached half of what is expected of it during the year so it seems evident that in April the bull run is that it starts and what we saw from January to March is just the warm up.
Anyway, the above mentioned should be taken as an informative publication, by no means is it an advice or counsel, therefore before investing I suggest that you do your own research to corroborate or refute the above written. I wish you success and may April be of much wealth for all.
All graphs are based on data recorded on the Tradeview website .