View Bitcoin is set to end April with around 26 percent gains.
The growth marks the third straight monthly increase and the first three-month winning streak since the final quarter of 2017.
Bitcoin may post stellar gains in May if the 30-day MA, currently at $5,142, reverses the recent pullback.
Bitcoin is on track to confirm a long-term bullish reversal with a first three-month winning streak for over a year.
The crypto market leader is currently trading at $5,166, representing a 26.58 percent gain on the monthly opening price of $4,081, having gained 9.8 and 8.16 percent in February and March, respectively, according to CoinDesk's Bitcoin Price Index.
That is the first three-month run of gains since the last quarter of 2017.
The cryptocurrency ended the record six-month losing streak with a 9.8 percent rise this February, having scored gains in just three months during 2018.
The 26.58 percent monthly gain seen at press time is the biggest since April 2018 when prices rallied 33 percent.
Looking forward, with the monthly chart flashing a historically bullish price pattern, BTC looks likely to register gains in a seasonally mixed month of May. Bitcoin has registered gains in May in five out of the last 8 years.
The odds of BTC posting gains in May would fall sharply if the price finds acceptance below the crucial 30-day MA, currently at $5,142.
Bitcoin Price Close to First 3-Month Winning Streak Since Late 2017
gepubliceerd op Apr 30, 2019
by Coindesk | gepubliceerd op Coinage
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