Bitcoin has been trying hard to break the psychological $4,000 mark over recent months, repeatedly moving above the line only to fall back. Now it appears the brief rally that saw bitcoin climb from around $3,100 in mid-December to almost $4,000 could be over. The bitcoin bulls have been out in force over the last few weeks, making bold predictions about how high the bitcoin price could eventually go and jumping on news that the bitter crypto winter could be coming to an end. The bitcoin price, which began February at a little over $3,400 per bitcoin, added some 11% over the month, breaking its six-month losing streak. The last bitcoin bull run, which saw the bitcoin price explode from under $1,000 per bitcoin at the beginning of the year to almost $20,000 by December 2017, resulted in a hangover that's seen bitcoin lost some 80% of its value.

Source: Forbes March 14, 2019 07:32 UTC