Bitcoin closes six monthly green candles for the first time since 2013
Bitcoin's last six monthly candles have closed green, tying its previous record streak for bullish monthly candles. Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.BTC/USD since 2012, 1m candles:....
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Bitcoin has now had 7 consecutive daily green candle closes this month. There have been a couple of 7 consecutive daily candle closes. But so far there has been no eight. The last time there were 8 consecutive daily candle closes, bitcoin price saw a price run-up that saw the price moving out of the $20,000 price range into the $30,000. BTC price movements after 8 consecutive daily candlesticks | Source: Twitter The chart above outlines the movement of the market the last time this happened. The run-up had started last year in 2020 and continued into 2021 before tapering off in....
Bitcoin has now entered perhaps one of its most bearish periods ever. The cryptocurrency which has held up quite nicely through all of the market scandals is seeing even more bad news ahead. Previously, it has seen a good number of consecutively red closes that have solidified its entrance into a bear market. However, this time around, it seems that the digital asset is ready to set another record, but this time for the worse. Seven Red Candles Anyone that has been following the market recently knows that Bitcoin has been seeing multiple consecutive red closes. This has not been a cause....
The monthly Bitcoin price candle closed above $13,000 for the first time since 2017 when BTC hit an all-time high of nearly $20,000. The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level.Traders often use the monthly log chart to evaluate the long-term and macro trend of an asset. On a monthly chart, each candle represents a whole month of trading activity. As such, a Bitcoin monthly log chart typically covers many years of trading....
The month of February was a rocky one for bitcoin but the digital asset had managed to come out ahead in the end. After suffering three long months of red closes, bitcoin has finally recorded its first green month. This is attributed to the rally that began at the end of the month. However, this is not the first time that the digital asset would mark such a trend and past performance helps to speak to what can be expected from here from the cryptocurrency. 1st Green Month Close For Bitcoin Since hitting its peak in November, bitcoin has consistently closed the following three months in the....
No hint of bearish traditions returning to Bitcoin markets this year as 2021 bucks the trend for March to bring serious downside. Will Q2 deliver on expectations? Bitcoin (BTC) has seen its most successful Q1 in eight years as the Ides of March fail to materialize for hodlers.Data published by analytics resource Bybt as Q1 2021 came to an end showed that BTC/USD gained more in the first three months of this year than any since 2013.BTC price gains 103% in Q1Despite not reclaiming all-time highs before Q2 began, Bitcoin put in a rare performance this March — normally, that month sees....