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.
Bitcoin
CoinDesk – Bitcoin price may rise in march despite month’s bearish track record
FXStreet – One step at time takes BTC/USD closer to $4,000
Bitcoinist – Bulls look to retest $4,200 into the monthly close
Ethereum
Cointelegraph – Moving averages and RSI point to consolidation in the short-term
NewsBTC – ETH recovery facing significant resistance
Coinnounce – Ethereum facing potential drop below $130
XRP
NewsBTC – XRP following downtrend channel below $0.3200
FXStreet – No one wants to get caught with bearish positions right now.
Cointelegraph – Traders can protect their long positions with the stop just below $0.27795
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