Bitcoin Posts Most Winning Month in its History

Between November 19th and December 19th of this year, Bitcoin has had 22 up days, 8 down days, and one flat day on the Mt.Gox USD market, better than in any previous month of trading.

Chart courtesy of BitcoinCharts.com

The second best month of trading was from April 5th to May 5th, when a record of 22-9 was posted, which eventually led to a 900% increase in Bitcoin's value by June 8th when the peak of $32 was hit. Interestingly, on May 5th, Bitcoin had a weighted trading price $3.41, exactly the same as on Dec 19th, to the penny!

Will this current winning streak lead to another record run? Unlikely, but trading is undoubtedly bullish and should be exciting to watch for anyone holding a long position.

Posted in: bullish,trading