Four consecutive green months for Bitcoin

quick take

  • According to Coinglass data as of April 28, Bitcoin had yet another positive month, marking its fourth straight green month.
  • The last time this happened was in 2019, when it emerged from the depths of a bear market and produced five consecutive green months from February to June.
  • We’re seeing parallels between this bear market and 2019, so hopefully we’ll have another green moon.
  • I’m looking forward to May. The last two years have been very bearish. In May 2021, China’s mining ban was issued, and in May 2022, the collapse of Terra Luna began.
  • In April, Bitcoin had one of the worst daily performances, recording -5.225%. This is the worst daily performance since the collapse of SVB and the collapse of FTX.
BTC Monthly Return: (Source: Coinglass)
Daily Price: (Source: Glassnode)
Daily Price: (Source: Glassnode)

Post Bitcoin’s 4 consecutive green moons first appeared on CryptoSlate.

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