Helloooooo out there in the world of Crypto!
My name is Trevor and today we look at another addition to Bitcoin's Historical Monthly Chart for April 1st, 2022!
If you are looking at this chart for the first time and are a little bit confused, do not worry.
For a better understanding of what we are looking at here with Bitcoin's price.
Make sure you check out the video or the article below for a more detailed explanation.
Bitcoin has officially ended March and opened April at a price of $45,540
Now that a new month has started we can confidently conclude painting this month a positive green!
Placing your bets on Bitcoin last month, although brutal, would have netted you a win going into April.
What seemed like a Crypto Winter was taking place, it seems as though things definitely no longer look that way.
So are we Bullish and about to see All-Time Highs again?
Not entirely quite yet!
This is still Relief Rally Bounce territory we are talking about here.
As they say, the trend is your friend until the end with what was very obviously a downtrend overall.
Do things look better at least?
If you were waiting to exit Crypto completely because you don't trust what will happen next.
This is a Profit-taking zone where this month just ended!
There are many different things looming in the background that could easily put us back into some sort of prolonged Crypto Winter or Bear Market.
That however would be a worst-case scenario type of deal.
Never rule it out of course but at the same time too, it is time to recognize the fact that sentiment is shifting.
We may not have broken out of this multi-month downtrend, that is very much true.
We are definitely back on track to a short-term uptrend that ends the bigger downtrend soon.
Here is the catch though...
When Bitcoin breaks out of this ugly trend it has put us through, it doesn't just automatically mean everything goes up again.
The most likely scenario to occur here is some sideways action for a little while.
Just don't take my word for it though...
Well, because something big appears to be happening that occurred last month leading into April!
The Lunatics over at Terra Luna have been rallying hardcore with promises of buying up over $10 billion dollars in Bitcoin for their Reserves.
For comparison purposes, the last huge bull run we saw in 2021 was sparked by the similar sentiment that Microstrategy and Tesla were going to be buying Bitcoin for their reserves by the billions of dollars.
What the Lunatics are proposing is buying up more than both of those companies combined.
But wait... it didn't stop there...
These freaks the entire time have been offering ridiculous returns on hodling stablecoins.
So there is no doubt they probably will be getting plenty of funding to continue buying.
So much so that it still...
doesn't stop there....
These wackjobs went from all this hype about buying Bitcoin to claiming that their goal is to now be the largest hodler of Bitcoin on the planet.
This was according to one of their Billionaire hypeman investors Do Kwan who has been heavy-handed in propping all of this noise up.
Are they putting their money where their mouth is though?
They are actually!
They have been continuously buying Bitcoin in small increments and posting it online for people to see.
No matter what happens to the price of Bitcoin they are buying no matter what.
This could very well be the beginning of that massive Bull Run everyone was waiting for last year.
A spark like this from the lunatics over at Terra is already starting to show its strength and other investors are shuffling now to join them.
Two months in the Green now for Bitcoin on the Historical Monthly Data Chart shows promising times ahead.
Could this mean the start of new All-Time Highs for Bitcoin this year?
Thanks, everyone for checking out the monthly historical chart for Bitcoin and I hope everyone has another BEAUTIFUL day in crypto!
This is Trevor's signature 🦰
Below are referral links to Cryptocurrency places I love and have been using for years!
Sign-up after using my links and we will get extra bonuses like free Bitcoin and Stablecoins 😎
Check out my website