Bitcoin price closed the historically red month of March not only in the green, but with the largest dollar for dollar gain on in the cryptocurrency’s short history.
Unfortunately, despite how strong the ongoing bull trend has been during the first quarter of the year so far, the quarterly candle which ended alongside March, also closed with a massively bearish signal.
Bitcoin Closes Quarterly With Record Gain, But Bearish Signal Couldn’t Be Avoided
Due the fact that both of Bitcoin’s largest bull markets topped as the fourth quarter of each year the concluded, Q1 is one of the worst quarters for the leading cryptocurrency by market cap.
Even in 2020, the quarter ended with a bearish bang, taking Bitcoin back under $4,000 before it was all said and done. This year, March came, but bulls sustained the month in the green, closing out what is now the largest monthly candle in terms of total dollars moved.
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