BTC - Q1 on track to be best quarter in last 7 years

in bitcoin •  11 days ago

    We are almost halfway through Q1 and it's shaping up to be a good one

    In fact, this is shaping up to the best Q1 in the last 7 years.

    We still have another month and a half left until we complete this quarter, but if the hot start can hold, we are looking at one of the best Q1's ever.

    Check it out:

    (Source: https://twitter.com/skewdotcom/status/1222893125963640834)

    Right now bitcoin is up roughly 30% for the quarter.

    The next best Q1 in the last 7 years was up only 11%, so as long as bitcoin holds at least half of these gains, it will end up being the best 1st quarter in the last 7 years.

    What does this mean going forward?

    Well, if you look at the other positive Q1's, we see that Q2 also tends to be positive.

    The only other positive Q1's within the last 7 years ended up seeing massive Q2's.

    How massive you might be wondering?

    Well, looking at the chart above, we saw returns over 130% in both instances!

    What's more...

    Q2 tends to be massively positive overall.

    It's been positive 5 out of the last 6 years.

    So, there is a very good chance this hot start is likely only going to get hotter as we move into Q2.

    Stay informed my friends.

    -Doc

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