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…


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