Historically, when a Bitcoin (BTC) monthly candle closes above previous candles, the digital asset has seen a prolonged rally.
Atop this high time frame pattern, Bitcoin’s monthly candle in September closed above $13,000 for the first time since 2017. Furthermore, the dominant cryptocurrency has shown signs of a clear breakout throughout the past two months.
Why Bitcoin may be at the cusp of a new rally
In terms of the “BTC rally” narrative, the…