Bitcoin Price Eyes Longest Monthly Winning Run Since 2017

View With 63 percent month-to-date gains, BTC looks set to register its longest monthly winning run since August 2017. The falling channel breakout seen on the monthly chart favors a rally to key Fibonacci resistance of $9,442. BTC has pulled back from one-year highs hit earlier this week. The cryptocurrency, however, remains on the hunt for a near-term move above $9,000, as the daily chart pennant breakout confirmed on Sunday is still valid. The short-term bullish case would weaken if the price drops below $8,000. Bitcoin (BTC) is on track…

Bitcoin Ended Its Longest Losing Streak Since… Forever

After months of bloodshed, bears have finally begun to abate their crusade to push the Bitcoin price lower. Throughout the month of February, the aggregate of value of all cryptocurrencies moved from $112 billion to $130 billion — a 16% rally. With this in mind, some industry commentators are all but convinced that the worst is in the rearview mirror. Related Reading: Soulja Boy: Bitcoin & Crypto’s Glory Days Now In The Rearview Mirror Bitcoin Ends Six Months Of Losses What a horrid 2018 the digital asset market had. Although there were…

Bitcoin Decline in February Will Mark Its Longest Bear Market

Bitcoin has come closer to establishing its longest-running bear market, alarmed Alex Kruger. The famous cryptocurrency trading analyst said Monday that it was the first time bitcoin had entered a long period of selling sentiment in its 10-year history. In December 2017, the value of bitcoin per piece was close to $20,000. As of January 31, 2018, it was close to $3,450. That marks a circa 82% drop in 13-months. Bitcoin has never before traded more than six months in the same direction. A down February would represent seven straight…

Bitcoin Sees Longest Stretch of Price Consolidation Since October

Bitcoin (BTC) is witnessing the longest stretch of range-bound price activity in three months. The leading cryptocurrency by market capitalization has been largely restricted to trading between $3,700 and $3,500 since Jan. 11 – the longest stretch at such a narrow range since the end of October. Back then, the market had gone quiet, with prices staying within the $6,500–$6,350 range in the 12 days leading up to Oct. 28. On the following day, BTC dropped to $6,208. After another period of sideways movement, bitcoin fell well below the crucial…

Bitcoin’s Price Snaps Longest Monthly Losing Streak Since 2016

Bitcoin’s price posted gains in the first month of the third quarter, snapping the longest losing streak it’s seen in nearly two years. The world’s largest cryptocurrency by market capitalization rose 20 percent in July, having registered losses in the previous two months – the first instance of back-to-back monthly drops since August 2016. At press time, bitcoin (BTC) is trading at $7,580, according to CoinDesk’s Bitcoin Price Index (BPI). At first instance, the rally seen in July may appear corrective in nature as BTC was looking oversold at the…