interesting information, April or in Q2 is indeed the month for bitcoin, yes for me that is very true,
because according to history in the past few years Bitcoin has always increased, so this is the right time to buy cryptocurrency,
I am sure it can achieved maximum profit in this Q2.
Topic: Here is why April may be the best month yet for Bitcoin price - page 2. (Read 554 times)
@tranthidung is right if we based on the previous years which April is the best positive price for Bitcoin.
I don't mean so. It is one of the best, not the best.Additionally, if I want to find best months, I would like to exclude extreme outliers in early years (2009 - 2013, perhaps) and take a look at means and standard deviations of the rest years till 2021. In early years, price was affected by many factors that now become very minor news for the market.
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But what I also think what if Bitcoin is already in advance, what supposed to happen for the month of April was already happened last month (March), we saw a positive 30% and this April could be something a price correction, just my 2 cents.
% of price change for one month depends on open and close prices in that month. Your opinion can be true if serious corrections in March (end days of Marches) have long lasting effects till first day of Aprils. Your opinion will be wrong if corrections happen in middle of Marches and price already rally well, therefore in first days of Aprils, price is not at bottom.As I said, it is a raw view for the market, but for personal balance sheet, it depends on your entry/ exit prices and when you open/ finish your position.
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Here is the updated list of prices per month.
Thanks. In fact, that image I posted is taken from @Lucius. I discussed about it long time ago but don't remember where I did it. April is the best month ever for Bitcoin and crypto industry. It's historically proved and this things happens all the time, usually with a significant price change and sell on the higher to make profit.
I have no idea about the strategy these heavy institutional investors are having and with an average price of over $59k is not the best investment option and no matter how big these firms are trying to invest the market will follow a path on its own and these firms might burn their confidence once the market goes down. I do understand that MicroStrategy is a big player and holding billions of dollars worth of coins but the risk they are taking is also huge if the average price of their recent investment is $59k. 
The good news for bitcoin keeps coming and 2021 is the best year for bitcoin and other cryptos and I think the good news for bitcoin will continue, April will be the start which I think will lead to a new ATH that looks like it will continue.
Apart from the OP news there is a lot of good news regarding the predicted increase in Bitcoin prices this April and will continue until the end of the year to reach the highest price.
even if there is a decline, it is unlikely that it will fall significantly and will slowly rise again.
Apart from the OP news there is a lot of good news regarding the predicted increase in Bitcoin prices this April and will continue until the end of the year to reach the highest price.
even if there is a decline, it is unlikely that it will fall significantly and will slowly rise again.
Start the day with this impressive news-
MicroStrategy Acquires Additional $15 Million in Bitcoin at Average Price of $59,339
April is the best month ever for Bitcoin and crypto industry. It's historically proved and this things happens all the time, usually with a significant price change and sell on the higher to make profit.
MicroStrategy Acquires Additional $15 Million in Bitcoin at Average Price of $59,339
April is the best month ever for Bitcoin and crypto industry. It's historically proved and this things happens all the time, usually with a significant price change and sell on the higher to make profit.
Each of the past 4 months was the best month yet.
There's no reason for this not to continue through April.
There's no reason for this not to continue through April.
There is no linear relationship between the dollar index and the bitcoin price, and if there was a relationship it would be indirect.
The price of bitcoin is not linked to a trading pair with US index not like gold with US index or stocks with US Treasury bonds.
April has been a historically good month for bitcoin price which leads us to be optimistic and we need to remember that what determines the price is supply/demand, not optimism.
The price of bitcoin is not linked to a trading pair with US index not like gold with US index or stocks with US Treasury bonds.
April has been a historically good month for bitcoin price which leads us to be optimistic and we need to remember that what determines the price is supply/demand, not optimism.
@tranthidung is right if we based on the previous years which April is the best positive price for Bitcoin.
But what I also think what if Bitcoin is already in advance, what supposed to happen for the month of April was already happened last month (March), we saw a positive 30% and this April could be something a price correction, just my 2 cents.
Here is the updated list of prices per month.
But what I also think what if Bitcoin is already in advance, what supposed to happen for the month of April was already happened last month (March), we saw a positive 30% and this April could be something a price correction, just my 2 cents.
Here is the updated list of prices per month.
Even known as April Fools month. I dont think it can prank bitcoin's movement. Seeing btc going towards 100k is not an impossible event now. We just really need to break those level that blocking the way for it to happen.
USD is cracking at the moment but it doesn't mean we should force everyone to convert to Bitcoin. It's still a speculative asset commodity and hence risky. People should know their risk level for this or else they could end up crying.
USD is cracking at the moment but it doesn't mean we should force everyone to convert to Bitcoin. It's still a speculative asset commodity and hence risky. People should know their risk level for this or else they could end up crying.
Because of the wrong policy of the United States of America, many countries such as Russia, China and others tend to get rid of the dollarization and turn to other currencies. This will certainly weaken the dollar in addition to the wrong economic policy by printing more dollars.
If according to the article, we can see Bitcoin at a new historical peak at 83K$, given the average bitcoin rise in April over the past ten years, we hope that this analysis will be the next scenario for Bitcoin.
If according to the article, we can see Bitcoin at a new historical peak at 83K$, given the average bitcoin rise in April over the past ten years, we hope that this analysis will be the next scenario for Bitcoin.
The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. READ THE COMPLETE ARTICLE HERE: https://worldpublicityblog.com/index.php/2021/04/04/here-is-why-april-may-be-the-best-month-yet-for-bitcoin-price/
Government wouldn't allow this to happen since USD is the foundation of several currencies around the world. Though it sounded weakened, but it keeps on regulating itself against cryptocurrency. Without the power of USD, we can't move forward and experience more demand coming from investors. Bitcoin momentum came from different supports, like trx, eth, doge and other promising coins who also have their different trading pairs.
It wiil not be right in my view to set April to be a month for bitcoin gaining.
what has been happening to USD is more like a long term effect on bitcoin that will slowly show itself both in the economy and then is reflected on bitcoin price also.
Somehow I think the dollar and the btc have a different movement that one affect the other. $US is going down and bitcoin is going if you observe that.
what has been happening to USD is more like a long term effect on bitcoin that will slowly show itself both in the economy and then is reflected on bitcoin price also.
Somehow I think the dollar and the btc have a different movement that one affect the other. $US is going down and bitcoin is going if you observe that.
you are not wrong but what i am mostly looking forward to is the $60k target to be properly broken and the large scale FOMO starts and we see a new much higher ATH be set just like what we had back in early 2017.
what has been happening to USD is more like a long term effect on bitcoin that will slowly show itself both in the economy and then is reflected on bitcoin price also.
what has been happening to USD is more like a long term effect on bitcoin that will slowly show itself both in the economy and then is reflected on bitcoin price also.
A weakening dollar will almost always be the desire of the US government because it allows all American exports to become much cheaper. China is definitely playing a game with their currency in the same way because cheaper exports (in comparison to other countries products) will spur more overseas buyers. This does bode well for Bitcoin over the much longer term, rather than just looking at a single month, because the inflation rate is likely to work the other way. Even with a maximum of 21 bitcoin ever produced, every day bitcoin is being "lost" from circulation due to all the tiny amounts abandoned in wallets for a whole range of reasons - owners dying without a will, insignificant amounts getting discarded, computers breaking and causing lost wallets and many others.
The best so far, but May could be better or June or July, etc. What I can say with certainty is that April is not going to be the best within the year. It might prove to be the best within the months that already passed in 2021 because we might be seeing $70,000 within April, but better months within the year are yet to come.
I still consider $100,000 to be very achievable within the year. In fact, if we are to be really bullish yet reasonable, the target within the year should be higher than that.
I still consider $100,000 to be very achievable within the year. In fact, if we are to be really bullish yet reasonable, the target within the year should be higher than that.
What the article says falls within the scope of what is expected. The massive printing of the dollar has a direct relationship with the price. Furthermore, and this is not said in the article, companies are increasingly realizing that the best protection they have against currency devaluation is Bitcoin. It then goes on to say that April is usually a good month for Bitcoin, but that is a pattern of the past that need not remain so. While I quite like the April price prediction of $83k, I expect the price to be that or higher.
The impact of the pandemic conditions, which forced the printing of dollars on a large scale, posed serious problems. We noticed, when stepping on April everyone started to panic and realized where to secure their assets. where else if not Bitcoin as the savior.
Do you mean very summarized stats like that?
- April looks good with most of years in Green
- BUT
- Profit or loss of one trade or one investment is decided by entry and exit price.
- Entry and exit are related to when you open and close your position
- April can be Green for most (or assumes for all year) if you compare prices between first and last days but you can get serious losses if you shake your hand in a big volatile day in April.
- History does not need to repeat itself
That's not exactly all of why April may be the best (a shitty March also usually has a lot to do with that historically, and it's a shame March actually wasn't shitter IMO!) but yeah, I really don't see the dollar changing things up any time soon. It's just incredible they're making more and more moves to bleed out. Biden's ambitious plans to get a super mega stimulus package up isn't going to help either. Strap in people!
What the article says falls within the scope of what is expected. The massive printing of the dollar has a direct relationship with the price. Furthermore, and this is not said in the article, companies are increasingly realizing that the best protection they have against currency devaluation is Bitcoin. It then goes on to say that April is usually a good month for Bitcoin, but that is a pattern of the past that need not remain so. While I quite like the April price prediction of $83k, I expect the price to be that or higher.
We still at the early of our days and surely something will gonna happen soon as days pass in this month. we may get another new ATH with the result of the unstoppable good news coming to bitcoin. The real thing about this phenomenon is the crypto industry nowadays has been cleared from all doubt and not only Bitcoin is flourishing rather the other Altcoins are doing their own unbelievable success as well. April will be a good month as well base on the current situation of the market because it keeps the price hold to that high until now.
The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term.
Well, I don't know how the strength of Bitcoin will be empowered with that news because I have observed that Bitcoin's dominance in the general market cap has dwindled against other cryptos to around 55% or so as against the over 65% it was in March. From experience, it all looks like Bitcoin will dip further from this point instead of going up. Jump to: