{"id":19774,"date":"2025-03-30T16:32:55","date_gmt":"2025-03-30T16:32:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19774"},"modified":"2025-03-30T16:32:55","modified_gmt":"2025-03-30T16:32:55","slug":"chart-of-the-week-will-april-bring-good-luck-or-fools-hope-for-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19774","title":{"rendered":"Chart of The Week: Will April Bring Good Luck or Fool’s Hope for Bitcoin?"},"content":{"rendered":"
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It’s a bloodbath for digital assets, with traders hitting the sell button, wiping out over $160 billion of the total cryptocurrency market cap since Friday. <\/p>\n

Few things have compounded as the first quarter of this year closes out, leading to the sell-off, including Trump’s tariff threats, global economic concerns and the lack of a clear catalyst for the next leg up. <\/p>\n

However, if history is anything to go by, there might be some glimmer of hope heading into the second quarter, as April could bring a bullish setup for crypto.<\/p>\n

\"\"<\/p>\n

Based on the total percent return since 2010, April has brought in an average 27% return for bitcoin, marking it the third-best month, according to Barchart data<\/a>. November and May were the other two months with the highest returns, with about 38% and 26% gains, respectively. <\/p>\n

As CoinDesk analyst Omkar Godbole reported for Crypto Daybook Americas\u2014a premium newsletter offering to help traders make informed investment decisions\u2014this seasonality could be a much-needed positive indicator for the market<\/a>. <\/p>\n

“Seasonality factors are not as reliable as standalone indicators, but when coupled with other signs, such as the recent halt in selling by long-term holders, they appear credible,” Godbole wrote. <\/p>\n

One cog in the wheel may be the defunct exchange Mt. Gox’s transfer of a significant amount of bitcoin<\/a> to the centralized exchange’s wallets, which could create fear of creditors’ liquidations. <\/p>\n

“A potential short-term risk is Mt. Gox, which has been transferring sizable amounts of BTC to Kraken\u2014this may lead to temporary selling pressure or market volatility,” said Deribit CEO Luuk Strijers.<\/p>\n

Read more: Now Is ‘Really Good Time’ to Buy Bitcoin, Says Trillion Dollar Investment Manager<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s a bloodbath for digital assets, with traders hitting the sell button, wiping out over $160 billion of the total cryptocurrency market cap since Friday. Few things have compounded as the first quarter of this year closes out, leading to the sell-off, including Trump’s tariff threats, global economic concerns and the lack of a clear […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19774","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19774"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19774\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}