Bitcoin (BTC) has in total suffered just 10% from the coronavirus outbreak which obliterated stocks and acquired the United States to impress $six trillion.

That was co-ordinate to the latest quarterly price data from monitoring resource Skew.com on March 31, which showed that for Q1 2022, BTC/USD is merely down past around 10.7%.

Bitcoin streets ahead of macro assets in 2022

At press fourth dimension, the pair remained higher afterwards seeking new support at $6,500 on Monday.

At those levels, the pair is just $700 lower than its position at the start of 2022, and $three,800 beneath its current twelvemonth-to-appointment all-fourth dimension high of around $x,300.

Bitcoin has advanced 75% in the ii weeks since hitting its quarterly low — in a volatile period, that recovery at one point reached 90% as markets peaked at over $7,000 on some exchanges.

Bitcoin versus U.S. 10-year bond yields, 1-year chart

Bitcoin versus U.S. 10-year bond yields, i-year chart. Source: Skew

As such, Bitcoin now looks increasingly resilient as an investment option versus traditional markets, which are nevertheless abaft much more every bit a result of coronavirus.

That was despite intervention by central banks on a scale never earlier seen in history — as Cointelegraph noted, the U.Due south. coin printing exercise alone recreated the country'due south entire Gross domestic product of 1990 and added information technology to the dollar supply.

Indicator flashes dark-green as lucrative Q2 looms

Statistically, Q2 in a given year tends to exist the most assisting for Bitcoin holders. Since 2022, just one Q2 has delivered negative returns, Skew reveals, with average gains totaling 65%.

Bitcoin quarterly returns since 2022

Bitcoin quarterly returns since 2022. Source: Skew

Signs of potential are condign visible on some indicators. Equally Bloomberg reported on Tuesday, the GTI Vera Convergence Divergence Indicator is giving the Bloomberg Milky way Crypto Index its offset "buy" signal in three months.

The mood among analysts is also turning more optimistic. In his latest forecast on Monday, veteran trader Tone Vays said that he no longer expected BTC/USD to detect new lows of less than $three,700.

Earlier in March, he had warned that Bitcoin could plunge to as low as $ii,800. Fifty-fifty if this were still to happen, he added, it would non pose a threat as long information technology was before May'due south cake reward halving event.