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Markus Thielen Forecasts Bitcoin (BTC) to Surge 12% in April

As March gradually comes to a close, Markus Thielen, a senior analyst at 10x Research, has shared his insights on potential Bitcoin behavior for the upcoming month.

According to a recent social media post on X, the top crypto analyst said that Bitcoin (BTC) has had a massive rally of seven consecutive months and could continue in the trajectory to rally 12% from the current price of $70,000 to $84,000 in April.

Bitcoin’s Historical April Performance

Thielen noted that April could be a particularly favorable month for BTC, especially with the industry anticipating Bitcoin halving 2024 to occur within the month.

Referencing historical patterns, the analyst said that the month April has the tendency to deliver positive returns for Bitcoin, with six out of the last ten years experiencing significant price increases.

Bitcoin tends to rally +12% in April – read more here: https://t.co/DWABLhfinw

April tends to be a relatively strong month for Bitcoin, with six out of the last ten showing positive returns, with average returns of +12%. The probability of another strong month is relatively… License.

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