Bitcoin (CRYPTO:BTC) experienced a notable growth in Q1 of 2024, marking its third-strongest quarter within the last three years, with a significant 64% price increase reported by Kaiko Research from January 1st to March 31st.

This period of growth, however, signals potential volatility ahead, especially in anticipation of the upcoming Bitcoin halving event.

Analysts, including crypto expert Phoenix Desmond, who communicated to his 11,700 X followers, anticipate a period of unpredictable price movements leading up to this event.

Despite the positive growth seen in the early part of the year, the community is cautioned to brace for a potentially turbulent market.