Matrixport report: seasonality key to price prediction, BTC could hit record highs this summer

Seasonality has become an important cyclical indicator for price forecasting, according to a newly released report by Matrixport. While the BTC sentiment for January 2024 was not favored, February was strong, which is in line with seasonal predictions. The report further predicts that the BTC market is still expected to be bullish in June and early summer in July, and as a result, this summer could hit new highs. Notably, BTC has risen in June in six of the last ten years, with gains usually above 4%.