The Bitcoin price has completed its fifth week of gains to give investors a modest crypto spring, but concerns about a fresh bear market remain.


Bitcoin Price on a (Slow) 5-Week Winning Streak

That was the summary given by online traders this weekend as Bitcoin completed over a month of weekly advances.

As last week closed, BTC/USD just scraped a higher position compared to the weekend previously, hitting around $4100 on some exchanges before seeing a slight reversal.

At press time, the price was holding around $4030, while forecasters predicted a lack of momentum to climb higher could ultimately result in a drop and gains getting erased.

“At this point, a pullback would be better [in my opinion], I would be more suspect of a false breakout. Decision time,” one trader wrote on Twitter.

As Bitcoinist reported, a sense of unease continues to pervade trading circles despite Bitcoin making a return to the $4000 mark earlier this month.

In line with theories which surfaced as BTC/USD halved from $6500 to $3100 last November,…

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Source: https://thebitcoinnews.com/bitcoin-price-posts-5-weeks-of-consecutive-gains/