BTC Makes Second Consecutive Monthly Close Higher - Technicals | Crypto Trading Signals

BTC Makes Second Consecutive Monthly Close Higher - Technicals, Onchain, and Macro Favor Bulls

BTC printed a second monthly close higher by 13.6% in August, a sign of strength. 2018 bear market never saw more than 2 monthly closes higher. BTC managed to make 3 consecutive weekly closes above the 21 week and 200 day MA, which is very bullish. Spot exchange reserves continue falling to multi year lows, miners steadily accumulating now with 1.84 million BTC, accumulation remains strong. Fed easing taper concerns with rates staying lower for longer is macro bullish. BTC well positioned for Q4