Bitcoin Surges to $66,000 Alongside Positive Signals in Q2
Historical data indicates Bitcoin may see a promising price surge in Q2, with buying sentiment still prevailing in the market.
After the Bitcoin halving, the altcoin market saw a significant price increase, while Bitcoin (BTC) did not fluctuate much. However, based on historical data, it is likely that Bitcoin will turn bullish.
Therefore, it is necessary to analyze the situation of BTC to understand what might happen a few days after the halving.
Bitcoin has shown stability following the anticipated halving. In the few days after the halving, while many were waiting, altcoins began to increase in price, reaching double-digit growth. Meanwhile, Bitcoin does not fluctuate much because it does not increase in price sharply.
According to information from CoinMarketCap, Bitcoin has increased 2% over the past 24 hours, reaching a trading level of 65,488 USD and a market capitalization of more than 1.28 trillion USD at the time of writing.
However, there is something more interesting, because Bitcoin has had similar manifestations in the past. Rekt Capital, a famous cryptocurrency analyst, shared about the past events via a tweet.
According to the tweet, Bitcoin’s price remained stable during the halving months of 2020 and 2016. This suggests that investors may see less volatility this April.
However, a change in trend can be seen in May and June, as in the past, Bitcoin prices have tended to increase sharply following halving months. So, it seems that the chances of Bitcoin ending Q2 on a positive note are quite high.
