Matrixport: Bitcoin Surges for Nearly Seven Months, Nearing 2012 Halving Record.
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Bitcoin has been rising for six consecutive months
BTC has risen for seven consecutive months, only once in history
After BTC rose for seven consecutive months, how did it perform?
Bitcoin has been rising for six consecutive months
Matrixport tweeted that Bitcoin has shown positive returns from September last year to March this year. If it does not fall below $61,206 this month, it will achieve a consecutive seventh month of rising:
September: +3.91%
October: +28.52%
November: +8.8%
December: +12.18%
January: +0.62%
February: +43.55%
March: +15.59%
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BTC Monthly Returns
BTC has risen for seven consecutive months, only once in history
Matrixport also mentioned that this is actually the second time in Bitcoin’s history that it has come close to achieving a consecutive seven-month positive return rate. The previous 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 Trend
After BTC rose for seven consecutive months, how did it perform?
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 in October before the halving (-9.67%), and then continued to rise for six consecutive months, reaching a price of $139 (+1,329%).
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