Bitcoin jumps $20,000 in three months, Quinten Francois notes

Bitcoin jumps $20,000 in three months, Quinten Francois notes
Bitcoin jumps 33 percent from lows

Quinten Francois, industry influencer, highlights the notable recovery of Bitcoin following a steep drop to $60,000 in February. According to Francois, while many market participants were expecting further declines at that time, Bitcoin has since surged by $20,000, representing a 33 percent increase over the past three months.

Francois previously noted that Bitcoin ended a stretch of seven consecutive red months and reached its most oversold level against gold on record, according to a post in late 2023. During the same period, institutional interest remained strong as T. Rowe Price assigned Bitcoin a 43 percent allocation in its new crypto ETF, as reported by Lookonchain. These developments provided context for Bitcoin’s subsequent recovery.

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