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Bitcoin has been rising for six consecutive months
BTC rose for seven consecutive months, the only time in history
BTC rose for seven consecutive months, how did it perform later?
Bitcoin has been rising for six consecutive months
Matrixport tweeted that Bitcoin has shown positive returns from September last year to March this year, and if it does not fall below $61,206 this month, it will achieve a seventh consecutive month of gains:
September: +3.91%
October: +28.52%
November: +8.8%
December: +12.18%
January: +0.62%
February: +43.55%
March: +15.59%
BTC Monthly Returns
BTC rose for seven consecutive months, the only time in history
Matrixport also mentioned that this is actually the second time in Bitcoin’s history that it has come close to achieving seven consecutive months of positive returns. The last time was from March to September 2012.
At that time, Bitcoin rose from $4.91 to $12.4, an increase of 161%.
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Bitcoin Monthly Chart
BTC rose for seven consecutive months, how did it perform later?
The halving event in 2012 occurred in November of that year, reducing the mining reward from 50 BTC to 25 BTC.
At that time, BTC fell from $12.3 to $11.2 (-9.67%) in October before the halving, and then rose consecutively for six months, reaching $139 (+1,329%).
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Further reading
Bitcoin had outstanding historical gains in February, Matrixport analyst: Resistance at $44k is the key to the rise
Matrixport analyst: Bitcoin’s “Fourth Wave” ends and turns bullish, first quarter target is $50,000.