Bitcoin had its best Q1 performance this year since 2013

[logfiles]

According to a tweet by bloqport. Bitcoin performed fairly well in Q1 of 2021 since 2013.
Historically, March is considered one of the bloodiest months when it comes to Bitcoin price drops But March 2021 had a 29% price gain, only second to March 2013's 171% price increase.



Q2 is also noted to be Bitcoin's best quarter Historically. What do you think about Bitcoin's performance in the next 3 months?

Source


Please if this has already been discussed, alert me and I will lock the topic 

[wheelz1200]

Interesting but when we look back 50 years from now there will be a lot of coincidences and less amount of perceived trends.  Bitcoin is different now versus 5 years ago and the average investor/trader is different than 5 years ago so I dont expect bitcoin to always follow the same time trends day by day, week by week and year by year.  We will always see new "trends" form and break which will end up being just coincidences.  With that being said i hope we follow the same path a q2 is killer 🙂

[TravelMug]

Does it mean that we will also gain as much this year? No, I doubt it, but it's good to compare 2013 and 2017 to the current bull run we have. And that's why there are many predictions based on the past performance that we can have $100k-$288k based on the S2F model.

And I think the curse of March is obviously over, we already proved it this year.

[Poker Player]

Interesting but when we look back 50 years from now there will be a lot of coincidences and less amount of perceived trends.  Bitcoin is different now versus 5 years ago and the average investor/trader is different than 5 years ago so I dont expect bitcoin to always follow the same time trends day by day, week by week and year by year.  We will always see new "trends" form and break which will end up being just coincidences.  With that being said i hope we follow the same path a q2 is killer 🙂

I totally agree with this, and it is one thing that is repeated a lot in the analyses that are made of the price. Supposed regularities are inferred from past trends and it is assumed that they will be similar in the future. When the truth is that some trends will repeat themselves and others will not.

On the other hand, I too hope that we break the statistics and spend many months in the positive.

[Tytanowy Janusz]

I think it is also worth to mention that we have 6 green months straight. We had only 1 so long strike ... april-sept 2012 and now we are entering the best quarter for bitcoin? Damn. I doubt we will see 10 green months straight but who knows. I hope to see more alt action ... to let me dump my bags back to btc before the true king will start to do 10k candles.

[Jawhead999]

On 2020 and 2012 are quite similar, on 2019 and 2011 also has similarity of bearish trends in Q3 and Q4.

If we looked from this data, I think Bitcoin should on bullish trend like 2013 in this year. I don't really care of which month Bitcoin will on red candles because I'm looking for the future. We need to buy every dip and accumulate our investment in this year before it too late.

[leea-1334]

I think the notable thing of this quarter 1 this year was that it actually stayed sideways for a rather long time (comparative to other periods in the lifetime of Bitcoin).

I mean it stayed around $40k for a while. then $50k and now near $60k,,, usually very high swings here and there but this time I feel like the rise is so steady. No?

[semobo]

Price is swinging at $58K to $60K for a while which means either we can see a bump or correction in the near future and possibly I am expecting a correction because we are almost bullish for over a year so having a small correction is better than hard bumps and dumps.

[sana54210]

Q2 is also noted to be Bitcoin's best quarter Historically. What do you think about Bitcoin's performance in the next 3 months?

Historically speaking we had one of the best last 3 months of the year in 2020 as well, we had few that was close but it was a lot lower, if you do not consider that insane 451% in 2013, we are talking about only 2017 as the best last 3 months, and this year could be even better than that because it was such a huge price.

So long story short the last 6 months has been by far the best year we ever had in the past 8 years or so, 2013 is the only rival and the price was silly low during that period, going up that much was super simple, few billion dollars would have been making it even bigger, nowadays few billion dollars is nothing in the market. This is why I think it is quite obvious that we should not end up going into bitcoin even more, people think that we will not be going any higher because we are already high but as you can see from the last six months, "high" could always be "higher".

[boyptc]

It might be where our dreams going to happen, I mean the $100k mark could be seen to start within the next months.

March did good and we can now have a relaxing moment to think how high bitcoin could be for the next months. Those prices that were being predicted as in high prices, we'll probably have a glimpse of it.

[Baofeng]

It might be where our dreams going to happen, I mean the $100k mark could be seen to start within the next months.

It might take months though to see that $100k mark, it's not that easy to breach that 6 digits. But eventually we will get to that. Right now the $60k barrier seems to be rejected again.

March did good and we can now have a relaxing moment to think how high bitcoin could be for the next months. Those prices that were being predicted as in high prices, we'll probably have a glimpse of it.

Yes, many predicted that March could be the start of the bearish cycle, but it stay and hold it's part to let everyone knows that the bulls has in control. Previous data of March has now been corrected, and as what the OP said, last best performance is 8 years ago. It took some time, but we are very positive that this year could be the first time that we are going to see $100k.

[pilosopotasyo]

It might be where our dreams going to happen, I mean the $100k mark could be seen to start within the next months.

It's possible we are looking at a new scenario, something that is very much different from what we've had, I'd like to think that the past chart has no bearing now this year and onwards, many consider March to be a bloody month because we have seen that happened in the past, but look we are in the $59 level and still looking good, $100k is very possible to happen this year.

[CaVO32]

It might be where our dreams going to happen, I mean the $100k mark could be seen to start within the next months.

It's possible we are looking at a new scenario, something that is very much different from what we've had, I'd like to think that the past chart has no bearing now this year and onwards, many consider March to be a bloody month because we have seen that happened in the past, but look we are in the $59 level and still looking good, $100k is very possible to happen this year.

We need to see more merchants accepting crypto in their payment system. Financial institutions are still coming in, so they are giving good boost in the market. But I would like to see the actual usage of crypto in the payment sector as it will cover just those regular crypto users who want to spend some btc in their regular day to day life. Because right now, a lot of us still consider bitcoin as an investment and not for daily expenses. I understand about that, because we are seeing the price in the market as a very volatile one. But the adoption this year, is really impressive as compared to previous years. So we will still see the increase of bitcoin's price in the coming months.

[yhiaali3]

I think that Bitcoin will repeat what it did historically in 2013, Bitcoin will continue to rise until June 2021, then the correction will begin, perhaps by about 50-40%, and then Bitcoin will return to continue its rise to achieve new highs.
Indicators indicate that we are in the bitcoin Stock-to-Flow (S2F) cycle, which means that Bitcoin will reach a new high that I expect may be around 100-120, after which the correction will begin, which may last from one month to several months.

[boyptc]

It might be where our dreams going to happen, I mean the $100k mark could be seen to start within the next months.

It might take months though to see that $100k mark, it's not that easy to breach that 6 digits. But eventually we will get to that. Right now the $60k barrier seems to be rejected again.

Yeah, I thought that it will be there again but that's fine on April 2, bitcoin got into $60k.

March did good and we can now have a relaxing moment to think how high bitcoin could be for the next months. Those prices that were being predicted as in high prices, we'll probably have a glimpse of it.

Yes, many predicted that March could be the start of the bearish cycle, but it stay and hold it's part to let everyone knows that the bulls has in control. Previous data of March has now been corrected, and as what the OP said, last best performance is 8 years ago. It took some time, but we are very positive that this year could be the first time that we are going to see $100k.

It has broken record and really encouraging to think of how high this cycle will be making and that's really giving more positivity that $100k will happen.

[hatshepsut93]

Bitcoin is not a stock, so quarterly performance measurements are pretty pointless, there's no fundamental connection between times of the year and Bitcoin's price. No one should use this as any sort of indicator for their trading.

[Jating]

Bitcoin is not a stock, so quarterly performance measurements are pretty pointless, there's no fundamental connection between times of the year and Bitcoin's price. No one should use this as any sort of indicator for their trading.

Yea, but they can use this to see how far bitcoin can get, just by HODLing.
And I can't say that we are going to be bullish like 2013, different time frames, different set of investors, numbers are quite few, less exchanges, etc. etc. Mentality of traders and speculators has also matured this year, I think less is FOMO, and most probably just buying the dip, and then put it in their wallet. No more putting large amounts of bitcoin in an exchange, not a good practice in this bull run.

Let's hope that this bull cycle will continue up to the end of the year, and we can smell $100k.

[Lucius]

I don't think we should rely too much on the past for some things, because now we can see that March didn't justify its bad moon statistics, and it's possible that April won't justify its statistics to be positive either. However, if we look at the statistics from the OP, it seems that we have a good 3 months to go, and that Q3 could be statistically bad - which is somehow always associated with summer in the Northern Hemisphere when people trade less and go on vacation.

Such data should not be taken as a reference for investment, yet each year is unique in some ways, and a pandemic is definitely a factor that affects everyone - although it is not easy to change some basic human habits. Still, it is interesting to see that only 2013 had such a positive start as 2021, so the real question is can April also end in green?

[samcrypto]

This is because of the adoption that is happening right now with Bitcoin and early this year, we've seen its best price so far.
If you're going to look at the last quarter of 2020, it's almost the same with 2017 which is the last bull run and since October 2020 until the end of 2021 1st quarter, we are able to maintain the green candles this is the best 6 consecutive months since 2012. Now that we're on a 2nd quarter of 2021, it looks like the bull market is not done yet, so we might see more greens coming into this market.

[bitgolden]

I don't think we should rely too much on the past for some things, because now we can see that March didn't justify its bad moon statistics, and it's possible that April won't justify its statistics to be positive either. However, if we look at the statistics from the OP, it seems that we have a good 3 months to go, and that Q3 could be statistically bad - which is somehow always associated with summer in the Northern Hemisphere when people trade less and go on vacation.

Such data should not be taken as a reference for investment, yet each year is unique in some ways, and a pandemic is definitely a factor that affects everyone - although it is not easy to change some basic human habits. Still, it is interesting to see that only 2013 had such a positive start as 2021, so the real question is can April also end in green?

Unfortunately summer usually is not good, I do not know the specifics behind it, like why summer specifically and why not winter and why not spring, what makes summer the moment when bitcoin and all other crypto drop. But, it is obvious that we are there right now and we do seem to be getting closer to it. What I hope from this year is that we should go higher as much as we can and then we will have to focus on not going down too much this summer.

So let's assume by early June we are at near 80k levels, and during summer we dropped to 60k levels or maybe a bit lower like these days, that would mean that when the September - October train arrives we are going to end up with a huge profit if it goes up like it did last year. We are talking about like 200k levels of price and that all depends on how much drop we will have during the summer.