Bitcoin’s Month-Over-Month Price Change Shows Volatility in EU Region
Recent data analysis shows significant fluctuations in Bitcoin’s price in the EU region over the past few months. The first half of 2024 saw a noticeable increase in volatility following the halving event in April.
During the period from early January to mid-March, Bitcoin’s price during EU trading hours was on an upward trend with several instances of positive momentum. However, post-halving, the trend took a sharp turn. A steep decline in May indicated heightened selling pressure, with a sustained downward movement interrupted briefly in early June.
Historical data reflects similar volatility patterns in previous bull markets, such as in 2017 and 2021, during key regulatory developments and market corrections. The current trend aligns with these patterns, suggesting that post-halving market conditions are influencing Bitcoin’s price action within the EU trading window.
