Bitcoin Bulls Are Back
Story by: Billy Bambrough
Bitcoin bulls are back, with bitcoin poised to break its six-month losing streak today, providing there are no last-minute swings—something that would be hardly unusual for the volatile bitcoin price.
The bitcoin price, which began February at a little over $3,400 per bitcoin, has added some 11% over the month, climbing to $3,800. The bitcoin price briefly flirted with $4,000 per bitcoin a number of times during February but failed to secure a footing.
Bitcoin’s rare good month comes after a raft positive news for the bitcoin and cryptocurrency sector, as well as long-suffering bitcoin bulls and tech industry heavyweights talking up bitcoin’s future.
The bitcoin price is looking set to end the month of February in the green.GETTY
The bitcoin price has lost ground every month since September, taking a heavy blow in November due to a developer civil war that threatened to tear apart bitcoin rival, bitcoin cash.
But the bitcoin bulls have been out in force over the last few weeks, making bold predictions about how high the bitcoin price could eventually go and jumping on news that the bitter crypto winter could be coming to an end.
Original story: https://www.forbes.com/sites/billybambrough/2019/02/28/bitcoin-bulls-are-back/#2f4941213d59
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