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"Bitcoin (BTC), Seasonal Strength Expected in February and March… Average 53% Increase in Q1"

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Minseung Kang
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  • Bitcoin (BTC) is expected to show seasonal strength during February and March.
  • Bitcoin has recorded an average growth rate of 53% during the first quarter.
  • In the past, Bitcoin rose 37% on expectations of Trump's election, marking a significant increase.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Bitcoin (BTC) is expected to show seasonal strength during the upcoming months of February and March.

On the 31st, the cryptocurrency-focused media outlet CoinDesk reported, "Historically, both February and March have been periods when Bitcoin has shown strength," adding, "Bitcoin has recorded an average growth rate of 53% during the first quarter."

The media outlet added, "Bitcoin rose by 11% this month, marking the second-best performance in the past 10 months," and noted, "There were significant events as Donald Trump took office as President of the United States and introduced crypto-friendly policies."

Previously, in November of last year, Bitcoin rose by 37% on expectations of Trump's election, marking the highest increase in the past 10 months.

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minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.