Bitcoin Ends 5-Month Losing Run — Real Reversal Or Just April Fool’s Hype?

A cluster of roughly 650,000 Bitcoin sits at the $70,000–$72,000 price range — coins bought by investors who are now waiting to break even. That supply overhang is the wall Bitcoin must climb if its March recovery is going to mean anything. Related Reading: Ripple’s RLUSD Stablecoin Sits On $1.57 Billion In Reserves: Audit Firm A Streak That Hasn’t Been Seen Since 2018 Bitcoin closed March up 2%, snapping five consecutive months of losses. It was the longest such run of red monthly candles since 2018, and data from CoinGlass confirms the streak is over. The final close puts Bitcoin at roughly $68,250 as April opens, with traders watching closely to see whether the momentum holds or fades. The last time Bitcoin strung together six straight losing months was in 2018 going into early 2019. What followed was a sharp turnaround — Bitcoin went on to post gains exceeding 300% over the next five months. THIS IS A MASSIVE DOSE OF HOPIUM. Bitcoin just printed its first green monthly candle