The first month of the year historically for the Bitcoin prices are always bearish. Maybe the funds are after the holidays thin or other factors in the game. This year could reverse this Trend, however, as the first quarter starts in the green area.
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Bitcoin price historically bearish in January
The historical monthly returns for the Bitcoin price in January in the last five years is negative. In 2015, the worst was January, with a loss of 27%, followed by 2018, as the BTC had to be lost to 21.5%. In the last year Bitcoin fell in the first month of the year by 10% and only in September was the average for the last nine years worse.
In the last year, Bitcoin 85% was able to grow, but was still below average compared to the positive previous years. Five months have been bearish and all of them in the second half of the year, with the exception of January.
The observation of the quarterly returns in the last six years shows that The first quarter was in four of these years bearish and only in 2017 and 2019, were recorded in the first three months of the year profits.
It is still early, but Q1 2020 has begun in the green area, such as Skew Analytics finds.
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Apart from the bladder to the end of 2017, the has 2. Quarter for Bitcoin made in the last six years, the best quarter of results. Only in 2018, it was for April, may and June, with a negative value.
Last year, Q2 was according to the Skew data and the second-best quarter in the last six years. The yields for this period were about 160%.
The big question is: Will history repeat itself and for the BTC in the first half of the year 2020 solid profits?
The year is only five days old, but the Bitcoin price has been reached, according to Tradingview.com an increase of $6.850 to $7.400 – 8%. Since the beginning of the month, BTC has risen by 2.5%, he was traded six weeks of sideways.
The youngest of the Minipump was likely driven by geopolitical tensions between the US and Iran. In turbulent times, investors flock to Safe-haven assets such as Gold and Oil. Bitcoin could now be even lower, because the three systems are almost increased at the same time with the message strongly.
A bullish Q1 and Q2?
In view of the geopolitical and economic pressure that the world is currently experiencing, the Outlook for Bitcoin in the first quarter of bullish. BTC has received over long periods of time great support, and is not dropped (yet) to $5,000.
With a near halving of the Momentum that could increase and lead to a further three-digit Q2, and an even better year.
Of course this is all just speculation – but with an asset that is a decade old only is the past Performance of the best of what we have for analysis.