4 consecutive inexperienced months for Bitcoin

Fast Take

• Bitcoin has had one other optimistic month, a fourth consecutive inexperienced month, in keeping with Coinglass knowledge as of April 28.
• The final time this occurred was in 2019, rising from the bear market depths and producing 5 consecutive inexperienced months from February to June.
• Similarities happen between this bear market and 2019, so hopefully see one other inexperienced month.
• Trying ahead to Might; the final two years have been extraordinarily bearish. In Might 2021, we had the China mining ban, and Might 2022 was the beginning of the collapse of Terra Luna.
• In April, we did get one of many worst each day performances from Bitcoin, registering a -5.225%—the worst each day efficiency since SVB collapse and FTX collapse.

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