What To Expect From The Bitcoin Price Is September Closes In The Green
Over the years, different trends have emerged for the Bitcoin price depending on how the month ends, either in the green or in the red. September has been historically bearish, but the few times that the month has ended in the green, there have been bullish implications for the cryptocurrency. As this month is already shaping up to end in the green, this report takes a look at what has happened in previous years when the month of September has been green. Expect Bullishness From Bitcoin Price If September Closes Green In an X post, crypto analyst Rekt Fencer highlighted an interesting....
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The month of February was a rocky one for bitcoin but the digital asset had managed to come out ahead in the end. After suffering three long months of red closes, bitcoin has finally recorded its first green month. This is attributed to the rally that began at the end of the month. However, this is not the first time that the digital asset would mark such a trend and past performance helps to speak to what can be expected from here from the cryptocurrency. 1st Green Month Close For Bitcoin Since hitting its peak in November, bitcoin has consistently closed the following three months in the....
The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing trend in the XRP price chart. If this continues, then the future of XRP, at least in the short term, has become even more uncertain, with bears fighting for more control. 4 Green Daily Closes Fall to Nothing After suffering a crash along with the rest of the crypto market, the XRP price had faced a recovery that seemed to have put it right back on track to rally....
Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected. ETH’s price has continuously bled out, which has led to its price relegating to the low $1,000s. As the new month begins, speculations abound on whether the cryptocurrency has what it takes to recover. Three Red Weekly Closes Along with the rest of the crypto market, Ethereum’s price has suffered bitterly at the hands of the bulls.....
Bitcoin has now had 7 consecutive daily green candle closes this month. There have been a couple of 7 consecutive daily candle closes. But so far there has been no eight. The last time there were 8 consecutive daily candle closes, bitcoin price saw a price run-up that saw the price moving out of the $20,000 price range into the $30,000. BTC price movements after 8 consecutive daily candlesticks | Source: Twitter The chart above outlines the movement of the market the last time this happened. The run-up had started last year in 2020 and continued into 2021 before tapering off in....
The XRP price performance in the month of November has historically been more bullish than not, confirming higher returns than any other month in the year. Given this trend, it is possible that the XRP price could be headed for a rapid increase this new month. However, there is also the fact that the price had closed in the red back in October, and this performance could have an impact on how the cryptocurrency turns out in November. Looking At XRP Price Performances In November According to data from CryptoRank, the XRP price has seen an equal number of green and red closes over the last....