With its spectacular rally, Bitcoin’s ATH, which used to be considered in November 2021, blinked to $ 69,000 and broke unique info.
At this level, Bitcoin closed its sixth consecutive monthly candle in green. If Bitcoin loses March with a green candle, this could well maybe well also very successfully be the first 7-month green candle sequence in BTC historical past.
While BTC closed February with a 47% raise, Glassnode analyst, who uses the nickname Checkmate, stated that Bitcoin skilled the best raise in buck phrases.
” Unreal…
In February 2024, Bitcoin printed a candle of $19.84K, the best monthly US buck save in historical past.”
This added $390 Billion to Bitcoin market tag…
“In percentage phrases, there used to be a worthy raise of 47%.”
The analyst then pointed out that this publish used to be right a info sharing about BTC and stated that this publish used to be no longer a prediction or overview of what is going to happen subsequent in BTC.
Unreal…Feb 2024 printed a $19.84k #Bitcoin candle, the best monthly USD raise in historical past.
This added $390B to the #Bitcoin market cap…
Up a worthy 47%. pic.twitter.com/bCXeKd9Uot
— _Checkɱate 🟠🔑⚡☢️🛢️ (@_Checkmatey_) March 1, 2024
Bitcoin has demonstrated its strongest performance since December 2020. Historically, February has as soon as again proven to be a sturdy month for BTC.
While all eyes are now on March for BTC, per Coinglass info, there is no stable subject for Bitcoin in March. Due to BTC, which closed the month of March 2023 in green with an raise of 172%, closed five consecutive years with a purple candle in 2014, 2015, 2016, 2017 and 2018.
Afterwards, BTC broke the purple candle sequence and closed March 2019 with a green candle, and closed again with a purple candle in 2020.
We will have the opportunity to be following what direction Bitcoin will observe in 2024, having closed the months of March 2021, 2022 and 2023 with a green candle within the rest three years.
*Right here’s no longer investment advice.
