For the first time since the bull market in 2017, the bitcoin price recorded two consecutive green monthly candles, which suggest that the dominant cryptocurrency may be en route to breaking its bear trend. In technical analysis, a green candle forms when an asset climbs higher from its opening price in a certain time frame. If a monthly candle closes as a green candle, it demonstrates a monthly upside price movement. Consecutive Monthly Green Candles are Positive For Bitcoin The February monthly candle of bitcoin opened at $3,434 and closed at $3,823 with an 11 percent increase in price. The
The post Bitcoin Awaking from Bear Slumber, For the First Time Since 2017 appeared first on CCN
source https://www.ccn.com/bitcoin-breaking-bear-trend-2017
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