Bitcoin's Price Volatility Continues Amidst Whales' Massive Transactions.

Bitcoin's year-to-date rise has been compared to its 2019 surge, and prices could peak at around $45,000 next month, according to Vetle Lunde, a senior analyst at K33 Research. The rally comes after a 12-month decline that saw prices tank 76% and bottom out in November 2022. The drop and subsequent recovery are analogous to the pattern seen in the 2018-19 bear market in terms of length and trajectory. Bitcoin's year-to-date rise has been widely referred to as a "hated bullish move" among crypto observers on Twitter, considering several prominent traders were positioned for a continued sell-off in the first quarter.