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Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market;
Did you know that June 2022 for the first time saw the highest BTC price drop in Crypto history?Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market;
The entire history of BTC monthly performance each year has been indexed in the following table below:
In general, BTC performance in the annual data shows significant gains in certain months and we can speculate maybe for the next half of the year, reaching $100k is very potential but just need to wait for the next big bull phase.
I find this chart totally irrelevant. It doesn't show shit.
Take a look at 2022. It shows February and March as green months with some serious gains in Feb, but this doesn't mean a thing if those gains are after a big crash. If the price were to fall 50% and then gain 10% the next month you'd see that month as a green month, but that green month would still mean a 40% loss for your portfolio.
Whole 2022 is a read year if you read it right.
January -17, February +12 and March +5 so that's a 17% loss followed by a 17% gain over the next 2 months. Looks good, but in January you were already 26% down from the top so we weren't gaining anything just sitting at a loss that turned into a bigger loss in April and May, to finally capitulate with a huge 38% loss. What if this month shows as green? 5% up, hurray!
One thing I can read from this chart is that last time it was this bad was in 2011.