#Bitcoin Monthly Update: Bullish Momentum Builds as #Altcoins Prepare for the Next Leg Higher
The monthly Bitcoin chart is sending a powerful message: the bull market is not only intact but accelerating. With multiple technical and market signals aligning, BTC’s path to new all-time highs looks increasingly clear, and top altcoins appear ready to follow.
Bitcoin’s Monthly Chart Flashes a Strong Continuation #Signal
The start of August painted a cautious picture for Bitcoin — the month opened in the red, raising fears of a possible pullback. However, those fears were short-lived. BTC has since reversed sharply into green territory, turning what began as weakness into a display of market resilience.
This “red-to-green monthly reversal” is historically significant. When a candle starts bearish but recovers and closes positive, it often signals strong underlying demand and momentum for the next leg higher.
Five Consecutive Green Monthly Closes
Bitcoin is now on track to close its fifth straight month in the green. The last time $BTC achieved such a streak was during previous major bull runs, where the subsequent months often saw accelerated price appreciation.
The takeaway: bears have repeatedly tried — and failed — to break the trend. Each attempt to push BTC lower has been absorbed by strong buying, further reinforcing bullish sentiment.
Ethereum and XRP Add Fuel to the Bullish Narrative
The broader crypto market is also providing confirmation. #Ethereum ($ETH ) recently reached its highest price since December 2021, brushing against the top of its last bull market range. This breakout marks an important psychological milestone for the second-largest cryptocurrency.
XRP has also joined the rally, hitting a new all-time high on renewed market optimism and continued institutional adoption.
With Bitcoin, Ethereum, and $XRP — the top three crypto assets by market cap — all in bullish mode, the stage is set for the rest of the market to follow suit.
