Bitcoin headed for ‘screwy price action’ after 64% surge in first quarter
Bitcoin recorded its third-strongest quarter over the past three years in Q1, but analysts say the meteoric rise could add to a choppy year ahead for Bitcoin.
Bitcoin (BTC) recorded one of its strongest quarters in the past three years in Q1, but analysts warn this could lead to significant volatility in the lead-up to the Bitcoin halving.
“Be prepared for some screwy price action as we head into the halving,” crypto analyst Phoenix Desmond told his 11,700 X followers in a post on April 3.
Bitcoin experienced a 64% price increase during the first quarter of 2024 — Jan. 1 to March 31 — its third-best quarter over the past three years, as per Kaiko Research data.
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