Cryptocurrency investors and traders alike are watching Bitcoin as it continues its three-month winning streak. Since its bullish run began, the digital currency has demonstrated unfaltering strength in the face of numerous challenges. The impressive performance has attracted the attention of analysts, investors and major financial institutions who are wondering if the coin is attempting to repeat its prior meteoric rise.

Over the last few months, Bitcoin has consistently defied market expectations and overcome regulatory and legal challenges posed by government agencies. Earlier this month, the world's largest crypto exchange, Binance, was hit with a lawsuit by the Commodity Futures Trading Commission (CFTC). In spite of the lawsuit being served, BTC's remarkable price increase was largely unaffected – a testament to the currency's stability.

Aside from regulatory challenges, the coin has outperformed the Nasdaq and gold, making investors take note. This level of performance may very well indicate a serious uptrend in the forthcoming months. Reports from TradingView suggest that Bitcoin has increased in value by 21% this month and is currently trading at $28,093 on the Bitstamp exchange.

The data suggests that Bitcoin may be attempting to repeat its previous parabolic ascension that started in October 2020 and reached its peak with Bitcoin reaching a record $61,700 in March 2021. Although there is no guaranteeing this, investors remain optimistic in the face of recent challenges, leading many to believe that the coin's price will continue to steadily surge.

Certainly, only time will tell whether Bitcoin will demonstrate a continuation of its three month winning streak, but investors and traders alike can continue to monitor the situation to make informed decisions. Based on the coin's performance over the last few months, the future of cryptocurrency seems to be brighter than ever.



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