Monthly Bitcoin price fluctuations in the EU region show significant fluctuations in recent months. Analyzing the first half of 2024, the data shows a significant increase in volatility following the halving in April.
From early January to mid-March, Bitcoin’s price during EU trading hours had a significant upward trend, with some periods of positive momentum. However, the trend changed significantly after the halving event. The chart illustrates a sharp decline in May, reflecting increased selling pressure and a prolonged downtrend with a brief respite in early June.
Historical data provides additional context, highlighting similar volatility patterns following major events. For example, the 2017 and 2021 bull markets saw significant monthly price volatility, particularly during major regulatory developments and market corrections. The current trend is consistent with these historical patterns, suggesting that post-halving market conditions continue to influence Bitcoin price action during EU trading hours.
Annie
According to Cryptoslate
