Strap your seatbelt guys; Bitcoin is about to do something crazy! But here's the detail you can't afford to skip

You heard right!

Bitcoin is about to make the highest monthly close in its entire history!

Why is this any news?

A new All-Time Monthly Close will bring a lot of eyes to it.

The big money managers, institutional investors don’t care about 4-hour candles. They look at things like monthly close, quarterly performance… It will also get a lot of retail paying attention if that area is sustained.

Bitcoin is not looking like it's in a position to negotiate right now. As long as we close anywhere above $14,000 we’re fine – that looks much likely enough already.

The higher it closes, the more confirmation we have for a new parabolic bull season. As at the time of writing, Bitcoin is trading at $19,600.

In the 2012/2013 bull cycle when Bitcoin smashed its highest monthly close, we had a pump of about 8500%.

In the next bull cycle in 2017 when it closed above the previous monthly high, we saw a roughly 1600% pump

Will the percentage gains continue to become smaller as the cryptocurrency market cap grows into trillions in the coming decade? Well, maybe.

But a decent 400% would still put Bitcoin around $75,000. $100,000 for Bitcoin isn’t insane after all.

Pro tip: every time bitcoin made a new high in monthly close, the next month turned bearish. If we see Bitcoin range for the next few weeks, we could see some altcoin fireworks in December.

This is not financial advice

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