Bitcoin Historical Data Chart: Now Updated
Bitcoin Historical Monthly Performance Chart by Author Trevor Balthrop

Bitcoin Historical Data Chart: Now Updated

By trevorbalthrop | Trevor Balthrop | 1 Jul 2020


The close of June is in for Bitcoin putting another notch in the belt for 2020.

The squeeze is real!

Monthly I like to update everyone on a Historical Data Chart for Bitcoin.

It's a fresh new outlook on how Bitcoin is performing on a monthly basis.

trevor balthrop bitcoin historical monthly performance chart analysis

(chart made by @trevorbalthrop)

Glancing at just the colors alone you might have been able to understand what we are working with here.

Green = Positive Return

Red = Negative Return

Using the opening and closing price for the 1st day and last day of every month.

It paints a different picture than your typical chart.

Trading just on this plan alone would earn you some pretty hefty returns!

Something I wish I would have done myself, although that would take a lot of gulls I must admit. 

One thing I would like to point out in this month's update is the "Return:" percentage.

Notice anything?

We have not had a return number this close to zero in a long time. 

June 2020 just closed with a return percentage of -3.17%! 

Dating back to August 2018 we had a return percentage of -4.46% but even that is sort of a stretch.

In February 2018 we had a return percentage of 1.63% but that was a positive return.

Since January 2017 we have not seen a squeeze this close to zero with regards to a return rate. 

trevor balthrop bitcoin TA chart

What does that mean?

If you haven't seen a lot of the analysis lately or have not noticed yourself. 

The volatility this month was at a big-time low for the first time in a while.

We can think of it sort of like there being a calm before a storm.

Bitcoin is getting squeezed as it continues sideways for almost 2 months now.

It is being squeezed in so many different ways that we are soon about to see some pretty violent moves.

The chart sort of backs this logic up too! 

Take a look at some of the lowest return rates both positive or negative. 

Each time we see lows like this it is almost always followed up by massive price action the immediate month after!

This is true for both upwards action and downwards action.

All I can say for now is that July is here and we are probably going to see some pretty crazy dumps and pumps.

Thank you tons for reading, stay safe, and stay skeptical people!


trevorbalthrop
trevorbalthrop

Futurist, Public Figure, and official redheaded step son who sat out in the rain and rusted. Over 17+ years experience online, youngest person employed by Google at the time (2011), and huge blockchain enthusiast. He has been here, there, and everywhere!


Trevor Balthrop
Trevor Balthrop

**All information in these posts are subject to everyone's own opinion & decisions. Trading investments is considered a very risky venture and should be taken with great responsibility.** You found me! Yikes! Now that you found me, check out my latest thoughts, predictions, news events, and read my quirky writings about cryptocurrency and bitcoin. Don't say I didn't warn you! Things get weird in these parts but not to fear because I am here to explain. Always happy to assist the community!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.