Bitcoin’s bounce has paved the way for the type of six-figure price projections that peppered the pandemic-era crypto boom. The token’s ripening monthly streak puts history on the side of such bold optimists.
Bitcoin is set to climb for the fourth month in a row after eking out an April gain, the best such stretch since a six-month advance through March 2021. In the past decade, four-month winning runs foreshadowed an average Bitcoin surge of 260% over the subsequent year, data compiled by Bloomberg shows.