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Bitcoin Shows Best Performance in Recent Months: What are the Expectations for February? - Coin Bulletin
Bitcoin, in January, may show double-digit gains, marking its second best performance in the last 10 months. February and March are historically bullish, making the first quarter stand out as the period when Bitcoin has shown its second best performance.
Bitcoin is preparing to complete January with an 11% increase and this could be recorded as the second best performance in the last 10 months. The 37% increase following Donald Trump's victory in the November 2024 U.S. elections ensured that this period was at its peak. May 2024 is at the same level as January with an 11% increase again.
(# February and March are strong periods for Bitcoin
According to Coinglass data, while January months historically tend to be bullish, Bitcoin price has increased in five out of the last six Januarys. This year, the inauguration of Donald Trump in the US and his crypto-friendly policies being rapidly put into effect have had a positive impact on the market.
Looking at the upcoming period, February historically stands out as the third best month for Bitcoin. This month, which recorded an average increase of 16%, only had negative performance in 2014 and 2020. Similarly, March is known to have a rising trend, showing an average increase of 13%.
In light of this data, the first quarter of the year continues to be a strong period for Bitcoin. Historically, it stands out as Bitcoin's second best quarter with a gain of 53 percent. The best performance is usually seen in the fourth quarter with a gain of 85 percent.