Analytical images confirm report $BTC
Bitcoin is on the verge of achieving a record monthly close amid an increase
According to Cointelegraph, Bitcoin is on the verge of achieving the highest monthly close in history, with only 11 days left in the month. After a record weekly close of $106,407 on May 18, Bitcoin could achieve a new monthly high if it closes above $102,400. This potential achievement highlights the ongoing bull market, which is gaining momentum. The current trajectory of the cryptocurrency indicates that it is approaching a 'price discovery' phase, as noted by cryptocurrency trader Yil. Price discovery involves the interaction of buyers and sellers in an undefined range to determine the market price of the asset. A new phase will begin if the historical high of Bitcoin at $110,000 is breached, pushing BTC into an undefined trading range with successive highs until a new equilibrium between supply and demand is reached
