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,…