Bitcoin
BTC$19 461.08

2.32%

Ethereum
ETH$1 338.47

2.67%

Tether
USDT$1.000063

0.01%

USD Coin
USDC$1.000039

0%

Binance Coin
BNB$281.85

3.22%

XRP
XRP$0.440696

2.69%

Bitcoin closes six monthly green candles for the first time since 2013


01 Apr 2021

#Bitcoin

Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time.

Bitcoin posted a similar pattern in the lead up to its parabolic bull run in 2017, with the markets posting five consecutive green monthly candles heading into September. While September saw BTC post range-bound consolidation, Bitcoin surged into new all-time highs in October to rallied from $5,000 to almost $20,000 by the end of the year.

Veteran trader and market analyst, Peter Brandt, is also bullish on Bitcoin, predicting BTC could gain a further 250% to break above $200,000. “I think we’re in that midpoint pause where in 2017 Bitcoin swirled around for a month or two before we saw the final move up,” he said.

However, past trends do not guarantee future performance and the history of green candles is a little murky. Despite Bitcoin posting five green monthly candles in a row during late 2015, the early weeks of 2016 saw BTC crash by 20% before producing several months of tightening consolidation.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84.4% 23 $19 461.08 2.32% 1.73% $372 947 421 190 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 71 $1 338.47 2.67% 3.37% $164 063 740 646 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000063 0.01% 0% $67 960 467 972 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000039 0% -0.01% $48 692 852 875 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 85.6% 15 $281.85 3.22% 5.15% $45 473 272 487 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 62% 83 $0.440696 2.69% 3.48% $21 991 040 706 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999924 -0.01% -0.03% $21 040 625 882 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 81.2% 35 $0.436499 0.84% -4.04% $14 945 771 053 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 79.6% 30 $33.64 3.20% 4.33% $11 934 820 459 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 87.6% 16 $0.060348 1.02% 1.96% $8 006 449 796 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 70.8% 55 $6.46 2.17% 0.33% $7 245 669 390 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92% 1 $0.999547 -0.01% -0.05% $6 861 465 670 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 70.8% 62 $0.747959 2.09% -0.35% $6 532 915 104 MATIC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 93.2% 5 $0.060063 2.18% 0.71% $6 107 005 130 WTRX 7 days price change

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