Part 3/12:
Bitcoin’s recent monthly performance emphasizes both resilience and potential. The months of February and March saw extraordinary returns, with 44% and 16% gains respectively. Despite a sharp 15% decline in April, May has shown a modest 5.1% increase. Historically, September tends to be one of the weakest months for Bitcoin, but the current momentum and post-halving bull cycle suggest a different narrative.
Notably, the maturation of the recent bull run post-halving—an event that typically triggers increased scarcity and price appreciation—may yet override seasonal trends. Analyses from industry experts, such as Plan B’s stock-to-flow model, suggest Bitcoin could reach prices around $477,000 per coin if historical cycles and scarcity dynamics hold true.