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Blockchain & Cryptocurrency

After Six Consecutive Months of Losses, Bitcoin is Finally Back in the Green

The Infinite Brief
Bitcoin has been losing ground since August 2018, which is the most prolonged period of consecutive red months in the history of the asset.  However, now BTC is 7% higher than at the beginning of February.

While it is still too early to claim a complete reversal, this development might be interpreted as a positive signal and may eventually translate into a sustainable recovery above $4,000 in the coming weeks.

Considering a large number of strong technical indicators clustered between the current price and $3,900 handle, the bulls will have a hard time making their way towards the above-said $4,000 resistance. However, once it is cleared, $5,000 will be back in focus.

Curated from FXStreet

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