Bitcoin’s Historic Performance every April since 2017
Is there a pattern to Bitcoin in April?
Bitcoin, the world’s first decentralized digital currency, has had a wild ride in recent years.
At the bottom of this article I mention my personal plan for where I invest my Bitcoin and how you can receive $25 of Bitcoin free.
Since its inception in 2009, the price of Bitcoin has fluctuated wildly, with massive gains and losses occurring within short periods. One of the most interesting aspects of Bitcoin’s performance is its behavior during the month of April. In this article, we will analyze Bitcoin’s performance during the month of April every year since 2017.
April 2017
In April 2017, Bitcoin was trading at around $1,100. The month started with a relatively stable price, but by the end of the month, the price had surged to almost $1,500. This represented a gain of over 30% in just one month. The surge was likely due to a combination of factors, including increased demand from China, where investors were looking for ways to protect their wealth against the weakening yuan.
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April 2018
April 2018 was a tumultuous month for Bitcoin. The month started with the price at around $6,600, but by mid-April, the price had fallen to around $6,500. However, by the end of the month, the price had risen to around $9,300, representing a gain of almost 42%. The increase was likely due to a combination of factors, including increased demand from institutional investors and a renewed interest in cryptocurrencies after a long period of uncertainty.
April 2019
April 2019 was a relatively stable month for Bitcoin. The price started the month at around $4,100 and ended the month at around $5,300, representing a gain of over 29%. The increase was likely due to a general trend towards cryptocurrency as a hedge against economic uncertainty.
April 2020
April 2020 was a historic month for Bitcoin. The price started the month at around $6,400 but by mid-April had fallen to around $4,000, representing a loss of over 37%. However, by the end of the month, the price had risen to around $8,500, representing a gain of over 111%. The increase was likely due to the Bitcoin halving event, which occurred in May.
April 2021
April 2021 was another historic month for Bitcoin. The price started the month at around $59,000, but by mid-April, the price had fallen to around $51,000, representing a loss of over 13%. However, by the end of the month, the price had risen to around $57,000, representing a gain of over 3%. The increase was likely due to the growing acceptance of Bitcoin as a mainstream asset.
In conclusion, Bitcoin’s performance during the month of April has been a mixed bag over the past few years. While some years have seen significant gains, others have seen significant losses. Bitcoin remains a highly volatile asset that is subject to a wide range of factors, both internal and external and investors should approach Bitcoin with caution and always do their due diligence before investing.
However, I personally believe that Bitcoin will remain an asset that is in demand and that demand will only increase as cryptocurrency continues to be accepted and utilized in more areas. These factors should all point to a long-term increase in the price of Bitcoin.
My Personal Plan for Bitcoin
Personally I am currently keeping my BTC in Nexo, where I am earning a 5.5% APY on it. Keep reading to see how to earn $25 free Bitcoin.
Nexo is one of my favourite places for crypto passive income. The two main things that initially attracted me to Nexo were their excellent security and their fantastic APY returns.
Here is a summary of some of their great perks:
- Up to 18% annual interest
- Unique daily payout
- $375 million insurance on all custodial assets
- Add or withdraw funds at any time
- Military-grade security
- Independent, real-time reserves audit by Armanino
They also have their own coin: $NEXO. If you purchase some of their token it automatically increases your interest rate that you earn on your other assets. You can also increase your APY by staking your assets for 30 days.
HOW TO GET YOUR FREE BITCOIN
- You sign up with Nexo via a referral link.
- Verify your identity and top up at least $100 in assets and maintain the USD value for at least 30 days in your account.
- Both you and I will earn $25 in free BTC! Your reward is instantly available and will be unlocked after 30 days of your initial deposit.
- I have tested this and can verify that it completely works. Follow those 3 steps and, after 30 days, $25 of Bitcoin will be added to your account.
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Disclaimer: This is not financial advice, the information in this article is for educational purposes only. Never invest what you can’t afford to lose. I disclaim any liability or loss incurred by any person who acts on the information, ideas, or strategies discussed in my articles. Do Your Own Research.
Originally published at https://redkingcrypto.com.
