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

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