Four consecutive green months for Bitcoin
May 1, 2023

Four consecutive green months for Bitcoin

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Quick Take

  • Bitcoin has had another positive month, a fourth consecutive green month, according to Coinglass data as of April 28.
  • The last time this occurred was in 2019, emerging from the bear market depths and producing five consecutive green months from February to June.
  • Similarities occur between this bear market and 2019, so hopefully see another green month.
  • Looking forward to May; the last two years have been extremely bearish. In May 2021, we had the China mining ban, and May 2022 was the start of the collapse of Terra Luna.
  • In April, we did get one of the worst daily performances from Bitcoin, registering a -5.225%—the worst daily performance since SVB collapse and FTX collapse.
BTC monthly returns: (Source: Coinglass)
BTC monthly returns: (Source: Coinglass)
Daily Price: (Source: Glassnode)
Daily Price: (Source: Glassnode)

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