Bitcoin’s latest rally has caused the digital asset to record its largest monthly surge and longest monthly green candle in history, raising speculations about the imminence of a God candle.
Data on financial charts platform TradingView revealed that BTC printed a $20,000 candle in February, surpassing others printed in different months in 2021.
BTCUSD 1-Month. Source: TradingView
Largest Monthly Green Candle in History
A God candle is a massive candlestick pattern that denotes the drastic surge of an asset. It is the largest candle on a trading chart and is considered too good to be true. Some analysts believe a God candle can potentially push an asset toward significant surges.
Bitcoin witnessed similar experiences in February, March, and October of 2021; however, none of the candlesticks are as large as the one recorded last month.
In February 2021, BTC printed a $12,100 green candle, denoting a 36% surge monthly. The digital asset began the month trading at $33,128 and ended at $
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