All signs point to a further decline in the leading cryptocurrency after making a new record high last week. We discussed previously how BTC has never made seven consecutive monthly gains and with little over a week left in March the price only must come down a few thousand dollars for this pattern to remain unbroken.
In this week’s episode, we discuss the prospects of Bitcoin correcting here or continuing higher and what is more likely. We also take another quick look at everyone’s favorite alt. coin (or at least mine) Solana.
Bitcoin, the top coin by market capitalization took the entire crypto index dramatically higher this week. BTC is currently down over 6% for the last two days. Todays and yesterday’s candle both contained long lower wicks illustrating how swiftly the price came down, but also how quickly it recovered much of its losses. At today’s low of around $65,500 Bitcoin was down over 10%.
With Bitcoin at record high prices it is wise to rotate into Alt. coins when price tops out in Bitcoin. In this episode I discuss my personal pick, Solana.
Bitcoin has been on a roll lately and especially over the last 30 days. Bitcoin’s gains for the month of February total around $18,600 or a whopping 43.71%. In no other month in the 15 years that Bitcoin has existed has there ever been a monthly gain of over $18k.
