• About Us
  • Privacy Policy
  • Contact Us
Subscribe
Lascena
Advertisement
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021LIVE
  • Videos
No Result
View All Result
Lascena
No Result
View All Result

Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar

December 1, 2020
in Bitcoin
Reading Time: 2min read
Bitcoin is About to Post the Highest Monthly Candle Close Ever as Bulls Roar



  • Bitcoin is currently caught within the throes of an intense uptrend, with bears being unable to slow its ascent
  • The strength of this uptrend has been quite intense, and seems to indicate that significantly further upside could be imminent
  • The lower and mid-$19,000 region does hold some intense resistance for the cryptocurrency, and another rejection here could strike a heavy blow to bulls
  • That said, the macro strength seen by BTC indicates that a move past this price will come about in the near-term
  • One trader is noting that Bitcoin is about to post the highest monthly candle close it has ever seen
  • This is an incredibly bullish development that does seem to indicate that upside is imminent

Bitcoin and the entire crypto market have been caught in the throes of an intense recovery over the past few days, with the recent selloff proving to be highly fleeting.

The market’s potent response to this intense decline indicates that some serious upside could be imminent in the days and weeks ahead.

Any extension of this momentum could result in the cryptocurrency seeing fresh all-time highs.

Bitcoin Shows Signs of Strength as It Moves to Retest All-Time Highs

Late-last week, Bitcoin rallied into the mid-$19,000 region before facing a firm rejection that caused its price to slide significantly lower.

The selling pressure seen here has been intense, and it remains unclear as to whether or not bulls have enough strength at the present moment to break above this level.

If BTC can break above its previous all-time highs, it will likely enter price discovery mode and extend its current parabolic uptrend.

A further rejection here, however, could mean that a prolonged consolidation phase is imminent.

BTC is About to See the Highest Monthly Candle Close Ever 

Assuming that Bitcoin remains technically strong and doesn’t face any harsh selloff over the coming day, the cryptocurrency is poised to post its highest monthly candle close ever.

As one analyst observed:

“BTC / USD: This will be the highest monthly close of all time, monthly candle is currently +35% above the previously ATH close. I would expect anything below $16,500 to be bought be up extremely aggressively, on anything less than the 1W.”

Image Courtesy of Cactus. Source: BTCUSD on TradingView.

From a macro-perspective, this is an incredibly bullish sign, as it indicates that the cryptocurrency’s long-term outlook – as well as its short-term outlook – are bullish.

Featured image from Unsplash.
Charts from TradingView.





Source link

Facebook0
Twitter0
Linkedin0
Print0
E-mail0
Yahoo Mail0
GMail0
SMS0
Messenger0
Tags: BitcoinBullsCandleCloseHighestMonthlyPostRoar
Next Post
Litecoin Founder Refutes Bankruptcy FUD, Celebrates LTC Birthday

Litecoin Founder Refutes Bankruptcy FUD, Celebrates LTC Birthday

Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish

Market Wrap: Bitcoin All-Time High Tops Out at $19,850 as Ether Options Market Goes Mega-Bullish

Please login to join discussion

Don't Miss

TOP 5 ALTCOINS ON ETHEREUM READY TO EXPLODE IN 2020 – (Best Crypto Investments?)
Cryptocurrency Videos

TOP 5 ALTCOINS ON ETHEREUM READY TO EXPLODE IN 2020 – (Best Crypto Investments?)

by Lascena Cryptocurrency News Education
March 2, 2021
0

These are the top 5 crypto altcoins built on Ethereum that you need to know in 2020! 👨‍🎓 CRYPTO BEGINNER...

Read more
Ripple XRP Will CRASH First Then PUMP If this happens!!! Top 5 cryptocurrencies to watch this week!

Ripple XRP Will CRASH First Then PUMP If this happens!!! Top 5 cryptocurrencies to watch this week!

March 2, 2021
🔴Stock Market Crash (Later This Year) Will Push Bitcoin OVER $50,000! | HUGE Bitcoin News

🔴Stock Market Crash (Later This Year) Will Push Bitcoin OVER $50,000! | HUGE Bitcoin News

March 2, 2021
How I Increased My Mining Profits by 10x | Best CPUs for Mining Monero RandomX & Veruscoin

How I Increased My Mining Profits by 10x | Best CPUs for Mining Monero RandomX & Veruscoin

March 2, 2021
Miami Mayor responds to Yellen saying Bitcoin is worth studying

Miami Mayor responds to Yellen saying Bitcoin is worth studying

March 1, 2021

Lascena Cryptocurrency News Education

We have all the latest updated and legitimate information related to Blockchain, Cryptocurrency, latest market rates & trends, prices, new regulations along with every other thing that somehow related to crypto or digital currency market. Our main idea is to provide the kind of news that is original and at the same time, it can prove to be beneficial for our audience.

© 2020 lascena.ca

  • About Us
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Cryptocurrency
    • Altcoin
    • Litecoin
    • Ethereum
  • Blockchain
  • Regulation
  • Market
  • Prices 2021
  • Videos

© 2020 lascena.ca

  • bitcoinBitcoin(BTC)$48,967.005.88%
  • ethereumEthereum(ETH)$1,571.979.05%
  • cardanoCardano(ADA)$1.22-3.29%
  • Binance CoinBinance Coin(BNB)$250.2011.79%
  • tetherTether(USDT)$1.00-0.22%
  • PolkadotPolkadot(DOT)$36.208.50%
  • rippleXRP(XRP)$0.4416025.19%
  • chainlinkChainlink(LINK)$29.0516.48%
  • litecoinLitecoin(LTC)$173.724.95%
  • stellarStellar(XLM)$0.4213003.02%