Is March Historically A Bad Month For Bitcoin?
If you’ve been hearing talk that March is known as a bad month for Bitcoin, here’s a little insight as to why:
Why March Is The Bloodiest Month In Bitcoin History
Last February was the early 2020 peak prior to the pandemic hitting and panic setting in, and following the 2017 top, Bitcoin fell from $20,000 to $5,800. But its actually March that’s a lot bloodier than February historically.
March 2020 was when Black Thursday struck, and Bitcoin plunged from $10,000 to $3,800 in just days alongside stocks and other assets. The March before that was green, but closed below $4,000 while the cryptocurrency was in the lowest accumulation trading range.
Five years in a row before that saw nothing but red candles. Even during the historic bull market, nearly every March was red on the way up to $20,000. Will the same thing happen again even with Bitcoin this bullish?