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Fast Take
Bitcoin has had one other constructive month, a fourth consecutive inexperienced month, in keeping with Coinglass information as of April 28.
The final time this occurred was in 2019, rising from the bear market depths and producing 5 consecutive inexperienced months from February to June.
Similarities happen between this bear market and 2019, so hopefully see one other inexperienced month.
Wanting ahead to Might; the final two years have been extraordinarily bearish. In Might 2021, we had the China mining ban, and Might 2022 was the beginning of the collapse of Terra Luna.
In April, we did get one of many worst each day performances from Bitcoin, registering a -5.225%—the worst each day efficiency since SVB collapse and FTX collapse.
The publish 4 consecutive inexperienced months for Bitcoin appeared first on CryptoSlate.
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