Bitcoin bulls are back, with BTC set to close out February in positive territory for the first time in six months.
Bitcoin hovered around $3,343 at the start of the month, surged above the $4,000 mark a number of times, and is now at about $3,871, according to Coin360 at time of publishing. Overall the market is mixed, with Bitcoin, Binance Coin, EOS, Litecoin and Ethereum in the green.
As for the month ahead, CoinDesk’s Omkar Godbole says Bitcoin bulls are gearing up to continue the streak in March, which has been a historically bearish month for the last five years. Overall, technical analysts are looking bullish on Bitcoin in the short-term and bearish on Ethereum, with mixed outlooks on XRP.
Bitcoinist – Bulls look to retest $4,200 into the monthly close
Cointelegraph – Moving averages and RSI point to consolidation in the short-term
Coinnounce – Ethereum facing potential drop below $130
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. » Read Full Article «