Bitcoin could post double-digit gains in January, its second-best performance in the last 10 months. February and March are historically bullish months, and Bitcoin is expected to perform strongly during these months.
Bitcoin (BTC) is set to finish January with an 11% increase, which could be the second-best performance in the last 10 months. The 37% increase after Donald Trump won the US elections in November 2024 was a peak performance for that period. In May 2024, there was another 11% increase, at the same levels as January.
February and March Are Strong Periods for Bitcoin
January is typically a bullish month for Bitcoin, with five out of the last six showing an increase in the price, according to Coinglass data. This year, the inauguration of Donald Trump as president of the United States and his rapid implementation of crypto-friendly policies had a positive impact on the market.
February stands out as the third-best month for Bitcoin historically, with an average increase of 16%, only showing negative performance in 2014 and 2020. March is similarly bullish, with an average increase of 13%.
Given this data, the first quarter of the year continues to be a strong period for Bitcoin. Historically, Q1 stands out as Bitcoin’s second-best quarter with a 53% gain, while the best performance is usually seen in Q4 with an 85% gain.