Historically speaking, April has been an exceptionally bullish month for Bitcoin. According to estimates, there has been an average return of 44.83%, in the month of April for BTCUSD since 2011, which gives an overview of the total return of over 537.94%. Even though a bear market in 2022 witnessed the astounding decline of 17%, the data cannot be ignored. April has consistently been a trailblazer in the increasing trend of Bitcoin prices.

To analyze further, if this trend continues, Bitcoin could be on its way to beginning a comprehensive bull run. As BTCUSD added 44% to the current price value, it could reach a mark above 40,000 USD, last witnessed in April 2022. Since April 2022, there has been a downfall of 58% until the bottom was experienced in November 2022. Since November, a stunning growth of 80% has been recorded, leading to the thought that if averages of 44% are added to the current value, the cryptocurrency could double it original value from November 2022.

This whole idea does involve a large amount of risk, as the cryptocurrency market is very volatile in nature and its future cannot be accurately forecasted. Still, the history of Bitcoin since 2011 continues to suggest its good performance in April, a notion which cannot be ignored. It remains to be seen whether the April bull run will persist or not, but the degree to which Bitcoin has proved its prowess since its inception in 2011 always makes it an interesting asset to watch.



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