Important facts:
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Bitcoin price surge was higher in March than February.
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The bitcoin market starts in April, a month that usually ends with a surge.
March ended with good news for the Bitcoin (BTC) market. The cryptocurrency has gained for the third straight month during this period.
Bitcoin price closed March up 22.96% monthly. This comes after it rose 0.03% in February and 39.63% in January, according to Explorer data coin jar.
This scenario reflects a trend reversal for the bitcoin market as the cryptocurrency typically tends to end March on a downside. However, this was not the case this year, nor in the previous two years, as can be seen from the table.
This situation comes at a time when market sentiment for Bitcoin has reached its highest level since November 2021. Back then, the cryptocurrency reached its all-time high of nearly $69,000. And now it’s at $28,000, which means a Increase in value of more than 70% so far in 2023accordingly trading view.
As for April, bitcoin price usually closes on a higher note. Therefore, it will be necessary to see if this history repeats itself in the current context. According to the latest analyst predictions from CriptoNoticias, the cryptocurrency market may soon suffer a setback and after that, resume the uptrend.