These last two days have been interesting for Bitcoin as the price went from $4,060 to $4,275, in a matter of hours. However, it didn’t take long for BTC to drop down back to $4,095 level either. Currently, it is sitting at $4,109 with 24-hours gains of 0.32 percent, as per Coinmarketcap data.
Back-to-Back Green Months for Bitcoin
It was only in February that Bitcoin started making its way upwards, starting from $3,450 Now after registering a green February, Bitcoin has made a win in yet another month.
As Mati Greenspan, a senior analyst at eToro wrote, “Bitcoin is at its highest level in more than a month this morning, currently testing resistance around $4,200 per coin.” Though as he noted some analysts see the long-trend bear trend line to be broken, what’s more important is the “200-day moving average that draws ever nearer.”
According to crypto analyst and trader, Magic Poop Cannon, Bitcoin has surpassed the 150 MA but from here he is expecting the price to only chop sideways “unless $4,200-$4,400” area is surpassed.