First “Green” September since 2016?
With Bitcoin over $20300 this morning, the question “is thisthe first ‘green September'” is asked
Bitcoin gains 5% to reclaim $20K, eyes first ‘green’ September since 2016
Related: ‘The bond market bubble has burst’ — 5 things to know in Bitcoin this week
As noted by on-chain analytics resource Material Indicators, all now rested on bulls’ ability to defend BTC price action into the monthly close.
‘BTC now in position for a green Monthly close…if it can hold through Friday. Taking profits along the way,’ it confirmed in a tweet.
While modest, Bitcoin’s September gains totaled 0.7% at the time of writing, with BTC/USD at $20,200. If the month ends up ‘green,’ it would be the first non-loss making September since 2016, data from Coinglass shows.
Just a day previously, Bitcoin was looking at monthly losses of 6% or more.”
https://cointelegraph.com/news/bitcoin-gains-5-to-reclaim-20k-eyes-first-green-september-since-2016