Bitcoin started the year on a positive note, but its value soon began to decline. Various factors could contribute to its resurgence in Q2.
Historical Trends
Analysis of previous years shows that Bitcoin often performed significantly well in the second quarter. Coinglass data indicates its steady rise in seven of the last twelve years during this period.
Impact of US Interest Rate Cuts
Another positive factor for BTC may be the potential interest rate cuts in the US. This could push investors towards riskier assets with high return potential, like Bitcoin.
Return of the Whales
An increase in whale activity could also strengthen Bitcoin's course. Activity among large holders indicates confidence in price growth, although mass sell-offs could cause price drops.
Several factors indicate the potential rise in Bitcoin's value in Q2. However, significant market changes remain possible and depend on various external factors.
