View Bitcoin hit a fresh 10-month high of $8,335 on Bitstamp earlier today and is currently reporting its largest monthly gain since November 2017.
Bitcoin clocked fresh 10-month highs earlier today and currently appears on track to post its largest monthly gain since late 2017.
As of writing, BTC dropped back slightly to $8,000, but that still represents 51.5 percent gains on the monthly opening price of $5,267.
It is worth noting that the last time the cryptocurrency chalked up over 50 percent monthly gains was during the height of the bull market in 2017.
As long as prices close May above $7,350, the monthly gain would be the highest since November 2017.
The month-to-date gains seen at press time are the highest since November 2017.
The monthly gain would be the biggest since August 2018 if the price settles above $8,150 on May 31.
If BTC ends May below $7,347, the monthly gain would be the highest since December 2018, when prices rallied 39.5 percent.
With long-term technical studies biased bullish, the cryptocurrency looks set to post its best monthly gain since August 2017.
A price pullback and a monthly close below $7,347 cannot be ruled out.
Bitcoin's Monthly Price Gains Already Highest Since November 2017
gepubliceerd op May 14, 2019
by Coindesk | gepubliceerd op Coinage
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