Matrixport: Based on the Seasonality indicator forecast, Bitcoin may hit a record high this summer
2024-05-28 14:25
Odaily News Matrixport posted on the X platform that seasonality has been a good predictor of Bitcoin prices. While January 2024 is hardly bullish, February is a strong month for Bitcoin - just as seasonality predicts. Bitcoin should still be bullish in early summer June and July, and overall, we should see new all-time highs this summer. Bitcoin tends to rise 4% in June, and Bitcoin has risen 6 times in the same month in the past 10 years.
