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18 April 2021

Here's why April may be the best month yet for Bitcoin price

Here's why April may be the best month yet for Bitcoin price


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Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term.

Historically, April has been a strong month for Bitcoin throughout the past ten years, recording positive gains for five consecutive years since 2016.

Atop the favorable macro factors for Bitcoin, Lex Moskoviski, the CIO at Moskoviski Capital, pinpointed that miners recently began ramping up their BTC holdings.

If miners are hoarding Bitcoin and stacking BTC with the expectations that the cryptocurrency will appreciate, it reduces the probability of a severe sell-off in the foreseeable future

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cointelegraph.com
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