Bitcoin is getting close to ending the quarter in the red.
Something we have been growing accustomed to as of late.
If bitcoin closes March in the red, it would be the 3rd negative quarter in a row for ol bitcoin.
The last time that happened was Q1 of 2015.
So, it's been a while since we have seen this level of prolonged negative quarterly returns.
Bad can't last forever right?
We are about to start Q2, and Q2 is historically a very good quarter for bitcoin...
Check this out:
(Source:
)https://twitter.com/skewdotcom/status/1239628762997837825
- skewdotcom
There has only been 1 negative Q2 in the last 6 years.
For those keeping track that is like an 83% chance bitcoin ends the next quarter in the green.
Not a lot of data I know, but still...
Given how bearish things have been, we are very likely due for a bounce.
Given the current setup we have right now (a tanking bitcoin price), I would bet that stat goes to only 1 negative Q2 in the last 7 years.
Either way, we will find out soon enough.
Stay informed my friends.
-Doc
