Bitcoin monthly candle close signals possible mega rally in December

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.

BTC/USD monthly chart. Source: TradingView.com

Why Bitcoin may be at the cusp of a new rally

In terms of the “BTC rally” narrative, the…


Source link

About bitcoin

Check Also

Why Bitcoin price just hit $19,000 for the first time in 3 years

The price of Bitcoin (BTC) hit $19,000 on Nov. 24 for the first time since …

Leave a Reply

Your email address will not be published. Required fields are marked *