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:

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

Bitcoin Price Hits $60,000 Ahead of Potential ETF Approval

Bitcoin hit $60,000 Friday for the first time since April, as traders anticipate U.S. regulators …

Leave a Reply

Your email address will not be published.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