A Fabulous Q1 Followed By A Hellish Q2, This Is Bitcoin In 2021

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Last Updated on 28 June 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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The Bitcoin bull run of 2017 – 2018 was marked by a doubling of the biggest cryptocurrency’s price in the last months of the first year, followed by a steep drop in the second year. But that run had started earlier than the 2020 – 2021 one, namely as from April of 2017. This time round, Bitcoin started rallying around the beginning of Q4 of 2020, did fabulously well in Q1 of 2021 as well, and then fell in Q2 of 2021 (although we have a few days left in June). What lies on the horizon and what we learn from this?

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Bullish madness

During the second quarter of the year, the prices of Bitcoin and the overall cryptocurrency market will have suffered greatly. However, it quickly becomes clear here that while the correction is strong, the bullish madness that preceded it was much stronger.

A saying often used to describe stocks is that “trees never rise to the sky”, because assets cannot go up in price forever, or at least never in a straight line.

Even though, in the crypto world, we hope that our beloved digital coins can all one day go to the Moon, if it does eventually come true, it is clear this will not be a nonstop trip.

With Bitcoin’s price falling nearly 46% from the previous quarter’s closing value, it was quite comparable to Bitcoin’s last bull run, in the first quarter of 2018, which was also bloody red and saw a 50% drop at the time.

However, if we zoom out and look at the past year, we can see that since June 2020, the value of bitcoin has appreciated by more than 200%, even at current prices. The road to the finish is never as easy as you would hope. Often it will take more patience and stamina. And the main thing will remain to stay the course and HODL to get there.

Let’s see what the next two quarters bring this year.