Q2 Is The Best Performing Quarter For Crypto

Bitcoin’s Quarterly Chart

On Bitcoin’s quarterly chart, two significant oscillator levels are present, which many analysts and experts believe could indicate a potential new bull run.

It is worth noting that, prior to Q1 2023, $BTC had experienced four consecutive quarterly losses, making it the longest such period in its history.

BTCUSD Quarterly Chart – Click to enlarge.

In Q4 2022, the quarterly RSI dropped below the first oversold level for the first time in a bull market, but bounced in Q1 2023. Meanwhile, the Composite Index has slightly increased after reaching eight-year lows.

When the gaps between the candlestick bodies and the Tenkan-Sen are considered alongside oscillator levels, it appears that there is a strong chance of a mean reversion towards the Tenkan-Sen, leading to a continuation of the current bullish price correction as the market price returns to equilibrium.

We will need to wait and observe how Bitcoin performs in testing the Tenkan-Sen, as the bears could potentially regain control if Q2 closes below the Tenkan-Sen and the quarterly oscillators display bearish divergence. 

Let’s see how Q2 goes!

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