God Candle? Bitcoin Records Largest Monthly Surge in History

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.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.

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 $45,238 after rallying to $58,372. The cryptocurrency printed another candle by the next month, showing a $13,500 gain and a 29% rally.

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