Bitcoin’s monthly performance for April was worst since 2022

Bitcoin is trading at around $63,000 which is only a few hundred dollars from where it was at the time of the halving less than a month ago on April 19th. April’s performance was poor for the digital currency, losing nearly 15% or $10,645  of value during this historic month. The fourth block reward halving occurred during BTC’s worst month since November 2022. November 2022 was the same month Bitcoin made its low of $15,500 so we have not seen a monthly correction of this magnitude since hitting the bottom and moving roughly $58,000 higher.  

While halving dates are usually marked by a correction either right before or after the event itself the corrections tend to last longer than a single month. With that in mind Bitcoin’s correction may not be over yet. 

Currently I am looking for a pullback to at least $52,000 which would equate to a further decline sometime this month of over $10,000 from current prices.