Bitcoin

April

Terra

Daily

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Bitcoin has had another positive month, a fourth consecutive green month, according to Coinglass data as of April 28.</li>
<li>The last time this occurred was in 2019, emerging from the bear market depths and producing five consecutive green months from February to June.</li>
<li>Similarities occur between this bear market and 2019, so hopefully see another green month.</li>
<li>Looking forward to May; the last two years have been extremely bearish. In May 2021, we had the China mining ban, and May 2022 was the start of the collapse of Terra Luna.</li>
<li>In April, we did get one of the worst daily performances from Bitcoin, registering a -5.225%—the worst daily performance since SVB collapse and FTX collapse.</li>
</ul>
<figure id="attachment_321436" aria-describedby="caption-attachment-321436" style="width: 1109px" class="wp-caption aligncenter"><img class="wp-image-321436 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/may.png" alt="BTC monthly returns: (Source: Coinglass)" width="1109" height="483" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/may.png 1109w, https://cryptoslate.com/wp-content/uploads/2023/04/may-300x131.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/may-1024x446.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/may-768x334.png 768w" sizes="(max-width: 1109px) 100vw, 1109px" /><figcaption id="caption-attachment-321436" class="wp-caption-text">BTC monthly returns: (Source: Coinglass)</figcaption></figure>
<figure id="attachment_321438" aria-describedby="caption-attachment-321438" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-321438 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/april.png" alt="Daily Price: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/april.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/04/april-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/april-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/april-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/04/april-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-321438" class="wp-caption-text">Daily Price: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/four-consecutive-green-months-for-bitcoin/">Four consecutive green months for Bitcoin</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Four consecutive green months for Bitcoin

Table of Contents

CryptoSlate

Other articles published on Apr 30, 2023

Filecoin price analysis: FIL/USD face strong resistance at the $5.60 level

Crypto Weekly Roundup: BTC Ups And Downs And More

Arbitrum price analysis: ARB corrects down to $1.36, as bears regulate the market

0VIX Protocol Drained For $2m In Oracle Manipulation Exploit

US Fed expected to raise lending rate in May

How Understanding Bitcoin, Ethereum, and Other Altcoins Help With Predicting Crypto Prices

Join our free newsletter for daily crypto updates!