Even if it s true that bitcoin has not done especially well during the first quarter you must understand that this is a pattern that could be a complete fluke and it could mean nothing, it is better to not let preconceived notions about the market to colour your interpretations of it, just look at the charts and decide based on what you see if you think there is going to be an increase or decrease in the price, because the moment you begin to use that logic it is the moment you will begin to make mistakes because you are trading based on what you believe could happen and not in what it is actually happening.