Bitcoin’s Performance in January and Beyond
January’s Strong Start
As it stands, January is tied as the second-best performing month for bitcoin (BTC) in the past ten months, surpassed only by November 2024, which saw a 37% surge in price after President Trump’s victory in the U.S. election.
January shares second-place with May 2024, both recording an 11% gain, according to Coinglass data.
A Historical Perspective
On average, January sees around a 4% gain and has been historically one of the best performing months in past years, with five of the past six January’s registering a green month.
This January has been eventful with President Donald Trump taking office and pushing out many pro-crypto policies.
Looking Ahead
Looking ahead, February has historically been the third best performing month for bitcoin, registering an average of 16%. Only two times in February has it seen a red month: 2014 and 2020, Coinglass data shows.
Even looking slightly further ahead, March is also a seasonally bullish month for bitcoin, up over 13% on average. As a result, Q1 is historically the second-best quarter for bitcoin, up 53%, just behind Q4’s 85% gain, according to Coinglass.
Conclusion
In conclusion, January has been a strong month for bitcoin, with a 11% gain, tied with May 2024 as the second-best performing month in the past ten months. Historical data suggests that January has been a good month for bitcoin, with an average gain of 4%. Looking ahead, February and March are also expected to be strong months for bitcoin, with an average gain of 16% and 13%, respectively.
FAQs
Q: What is the average gain for bitcoin in January?
A: The average gain for bitcoin in January is around 4%.
Q: Which months have been the best performing for bitcoin in the past ten months?
A: November 2024 and January (tied with May 2024) have been the best performing months for bitcoin in the past ten months, with gains of 37% and 11%, respectively.
Q: What is the average gain for bitcoin in February?
A: The average gain for bitcoin in February is 16%.
Q: Is Q1 a good quarter for bitcoin?
A: Yes, Q1 is historically the second-best quarter for bitcoin, with an average gain of 53%.
Q: What is the average gain for bitcoin in March?
A: The average gain for bitcoin in March is over 13%.
