Bitcoin Lights First Green Candle in 8 Months: Has Accumulation Begun?

For the first time in eight months since July 2017, Bitcoin has recorded a green monthly candle on its 1-month price chart. In technical analysis, a green monthly candle materializes when the price of an asset, in this case, Bitcoin, ends the month higher than its price at the beginning of the month. On February 1, Bitcoin opened its monthly candle at $3,413. On February 28, the dominant cryptocurrency closed the candle at $3,791, up more than $300. Is it an Indicator of Bitcoin Accumulation? On Thursday, CCN reported that Square, the $33.59 billion payments giant operated by Twitter CEO

The post Bitcoin Lights First Green Candle in 8 Months: Has Accumulation Begun? appeared first on CCN

source https://www.ccn.com/bitcoin-green-monthly-candle-8-months-accumulation

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