After Bitcoin closed March in green, eyes were turned to April. So, does Bitcoin love April? How did it perform in previous April?
In the table below, you can see the performance of Bitcoin in April comparatively.
As can be seen in the table, although March is a month of decline in Bitcoin, this year BTC has experienced an increase. We consider that the sharp declines since November have contributed to this situation.
April Ascension Month
When we look at the month of April, we see that the month is completed with a return of over 30%. We see that the losses are limited to 1% and 3% in the months of loss. Therefore, investors’ expectations for April are quite high.
At this point, the fact that there is a rise in April for many years and that the declines are limited causes us to look at the market positively for the month of April.
The fact that it was like this in previous years is not certain for the future. Because it should not be ignored that Bitcoin and the markets are affected by many dynamics.
Considering that there was a FED meeting on May 3-4 towards the end of April, we may see some pullback until the FED meeting, even if history repeats itself and there is a rise in the month.
As we approach May, we will begin to discuss whether the Fed will increase interest rates. At this point, some members think that 25-point increases will not be enough and that 50-point interest increases are needed.
*Not Investment Advice.