February Is Often Good for Bitcoin Prices, Will History Repeat in 2019?
Bitcoin could end its four-year February winning streak unless prices see a strong bounce from key support. The leading cryptocurrency by market capitalization gained 16, 18, 23.5 and 1.6 percent in the second month of 2015, 2016, 2017 and 2018, respectively, according to CoinDesk’s Bitcoin Price Index (BPI). BTC generally posts losses in January before putting on a good show in February. The January losing streak looks certain to extend to the fifth year running with a close tonight in the negative. As of writing, BTC is changing hands at $3,414, representing a 7 percent drop from the monthly opening price of $3,693. As seen above, BTC has ... (full story)
- Posted: Jan 31, 2019 8:40am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 21