Bitcoin Lights First Green Monthly Candle in 8 Months: Has Accumulation Begun?

For the first time in eight months since July 2017, Bitcoin has recorded a green monthly candle on its 1-month price chart. In technical analysis, a green monthly candle materializes when the price of an asset, in this case, Bitcoin, ends the month higher than its price at the beginning of the month. 1-Month Price Chart of Bitcoin. | Source: TradingView On February 1, Bitcoin opened its monthly candle at $3,413. On February 28, the dominant cryptocurrency closed the candle at $3,791, up more than $300. Is it an Indicator…

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