{"id":565206,"date":"2021-01-02T19:22:34","date_gmt":"2021-01-02T16:22:34","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=565206"},"modified":"2021-01-02T19:22:34","modified_gmt":"2021-01-02T16:22:34","slug":"bitcoins-price-increased-by-168-78-in-q4-of-2020","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoins-price-increased-by-168-78-in-q4-of-2020\/","title":{"rendered":"Bitcoin&#8217;s Price Increased by 168.78% in Q4 of 2020"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Bitcoin experienced 168.78% returns in Q4 2020<\/strong><\/li>\n<li><strong>Q4 of 2020 was the second most profitable quarter in Bitcoin&#8217;s history, second to Q4 of 2017<\/strong><\/li>\n<li><strong>Bitcoin&#8217;s value has increased in every quarter since Q2 of last year<\/strong><\/li>\n<li><strong>Only Q1 of 2020 had negative returns<\/strong><\/li>\n<li><strong>Bitcoin has kicked off 2021 in high gear setting a new all-time high today, of $32,310 &#8211; Binance rate<\/strong><\/li>\n<\/ul>\n<p>As the world welcomes the New Year with hope and optimism, <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a> closed the fourth quarter of 2020 on a very high note. <a href=\"https:\/\/twitter.com\/cryptounfolded\/status\/1345371839028228096\" target=\"_blank\" rel=\"nofollow noopener\">According to<\/a> data from the team at Unfolded, Bitcoin experienced 168.78% in returns during the fourth quarter of 2020. Furthermore, the last three quarters of 2020 have been profitable for Bitcoin with Q1 being the only one to close on a negative note at -10.58%.<\/p>\n<h2>Q4 2020 Was the Second Most Profitable in Bitcoin&#8217;s History<\/h2>\n<p>Below is a tabulation of Bitcoin&#8217;s quarterly returns since 2014 courtesy of Unfolded. From the data, it can be observed that Q4 of 2020 was the second most profitable quarter for Bitcoin since Q4 of 2017.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC.jpg\"><img class=\"aligncenter size-full wp-image-565207\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC.jpg\" alt=\"\" width=\"679\" height=\"341\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC.jpg 679w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC-300x151.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC-500x251.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC-532x266.jpg 532w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/01\/Quarterly-Returns-BTC-240x121.jpg 240w\" sizes=\"(max-width: 679px) 100vw, 679px\" title=\"\"><\/a><\/p>\n<h2>Q1 of 2021 Has Been a Positive One for Bitcoin<\/h2>\n<p>When the data was tabulated by the team at Unfolded, Bitcoin had experienced gains of 7.84% since 2021 began. Bitcoin has since set a new all-time high of $32,310 in what looks like a push towards higher levels closer to $35k or <a href=\"https:\/\/en.ethereumworldnews.com\/50k-is-bitcoins-resistance-in-2021-10k-is-btcs-support-report\/\" target=\"_blank\" rel=\"noopener\">even $50k<\/a>.<\/p>\n<p>Using $28,800 as the open price for Bitcoin this quarter, it can be concluded that the current quarterly gains stand at 11.8% with the most recent all-time high value.<\/p>\n<h2>There is No Perfect Bitcoin Entry for a HODL Position<\/h2>\n<p>With the first weekend of 2021 being a green one for Bitcoin, chances are that retail traders are in control of the price action with accumulation on their minds. Those who are still waiting for a dip might be in for a surprise as Bitcoin has probably entered another FOMO phase similar to the one witnessed when $10k and $20k was broken.<\/p>\n<p>Veteran Bitcoin analyst <a href=\"https:\/\/en.ethereumworldnews.com\/btc-analyst-square-microstrategy-buying-btc-is-a-tip-of-the-iceberg\/\" target=\"_blank\" rel=\"noopener\">Willy Woo<\/a>, had earlier this week cautioned traders against <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoins-dip-is-currently-a-waiting-game-btc-analyst\/\" target=\"_blank\" rel=\"noopener\">waiting for the dip<\/a>. According to Mr. Woo, worrying about a perfect entry might not be necessary given that Bitcoin has the potential to gain <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-hitting-200k-by-end-of-2021-looks-conservative-btc-analyst\/\" target=\"_blank\" rel=\"noopener\">$100k &#8211; $300k in a year<\/a>.<\/p>\n<p><a href=\"https:\/\/twitter.com\/woonomic\/status\/1344990610256609281\" target=\"_blank\" rel=\"noopener nofollow\">His exact statement<\/a> was as follows.<\/p>\n<blockquote><p>If you&#8217;re looking for an entry to HODL Bitcoin long term, don&#8217;t nickel and dime an entry. You&#8217;re not going to sweat a few thousand dollars of non-perfect entry when it&#8217;s $100k,$200k,$300k in a year. The main bull phase is here. Capital inflows has gone nuts.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Bitcoin experienced 168.78% returns in Q4 2020 Q4 of 2020 was the second most profitable quarter in Bitcoin&#8217;s history, second to Q4 of 2017 Bitcoin&#8217;s value has increased in every quarter since Q2 of last year Only Q1 of 2020 had negative returns Bitcoin has kicked off 2021 in high gear setting a new all-time high today, of $32,310 &#8211; Binance rate As the world welcomes the New Year with hope and optimism, Bitcoin closed the fourth quarter [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":60127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[1233,6961,7255],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565206"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=565206"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/565206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/60127"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=565206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=565206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=565206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}