Hello steemit friends, bitcoin has been going down trend so I did a little research so as to have an idea when btc is going to moon, so here's my findings I hope you find it helpful ...
2015
March
Open: 254.28$
Close: 244.22$
% change: -3.96%
Highest point: 300.04$
Lowest point: 242.74$
Price variations ((HP-LP) /HP)x100: 19.10%
April
Open: 244.22$
Close:236.15$
% change: -3.30
HP: 261.80
LP: 214.80
VP: 0.74%
May
Open: 235.49
Close: 230.19
% change: -2.25
HP: 247.80
LP: 231.95
VP: 6.40%
2016
March
Open:437.92
Close: 416.73
% change: -4.84
HP: 439.65
LP: 394.04
VP: 10.37%
April
Open: 416.76
Close: 448.32
% change: 7.57%
HP: 467.97
LP: 415.83
VP: 11.14%
May
Open: 448.48
Close: 531.39
% change: 18.48%
HP: 553.96
LP: 438.72
VP: 20.8%
2017
March
Open: 1180.04
Close: 1071.79
% change: -9.17
HP: 1280.31
LP: 903.71
VP: 29.4%
April
Open: 1071.71
Close: 1347.89
% change: 27.77%
HP:1347.91
LP: 1061.09
VP: 21.3%
May
Open: 1348.30
Close: 2286.41
% change: 69.51%
HP: 2763.71
LP: 1348.30
VP: 51.21%
Observations
For the 3 years reviewed, price in March closed lower. All the 3 years have negative price change in the month of March
Apparently, mid April marks the beginning of bullish trend
Of the 3 years reviewed, price change significantly in May 2016 and 2017. Though 2015 May gave a negative price change (-2.25%) but the negative change is lower and can be said to be insignificant compared to other negative months.
And a close look at the 3 months reviewed in 2015 tells May was the most positive month among the 3 months reviewed.
April appears to be a neutral month for BTC. We can call it consolidation or accumulation month
Conclusion
Price open at 10,385 this month (March 2018). We may expect it to close Lower but not with a high margin.
Based solely on the data reviewed, May will probably see significant bullish move.
Advice
Kindly remain in your village till the end of this month馃槄馃槄. BTC may close lower than 10k$. But start packing your loads to return to the city as soon as you heard April Fool. 馃榾馃榾馃榾
Disclaimer
This report is for educational purpose only. Not an advice to make any investment.
Following or not following this report is at your own risk.
Thanks.
