In recent months, Bitcoin has once again captured the attention of investors by reaching a new all-time high. An analysis of historical data suggests that another surge may be on the horizon.
Bitcoin's Historical Data
Investor platform data shows Bitcoin tends to rally in spring and summer months. For instance, in March, average returns were 11.8%, in April 34.7%, and in May 20%. Even in slower months like June and July, returns remained positive at +7.91% and +8.26%.
Current Market Situation
Currently, Bitcoin is trading around $96,000. To set a new all-time high, it needs to surpass the January mark of $108,824. However, history shows that such a move is indeed possible.
Expectations and Forecasts
Past periods like March 2024, April 2020, and May 2019 indicate potential price jumps. If these patterns hold true again, a new Bitcoin record high could happen in the coming months. While predicting the crypto market is always tricky, Bitcoin's 14-year price history provides a basis for educated forecasting.
While the crypto market remains unpredictable, historical data can serve as a valuable tool for analysis and forecast. Investors should watch Bitcoin's movements in the coming months to see if this trend continues.
