swat trader bnb

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15$to50$

Non stop watching

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Bb$BTC

Close are waiting ?

#loom $

According to Cointelegraph, Bitcoin is on the verge of closing its highest monthly candle in history, with only 11 days left in the month. After a record weekly close of $106,407 on May 18, Bitcoin could close above $102,400, achieving a new monthly high. This potential milestone indicates a continuing bull market, gaining momentum. The current momentum of the cryptocurrency suggests that it is nearing the 'price discovery' phase, as highlighted by crypto trader Jelly. Price discovery involves buyers and sellers negotiating within an indefinite range to establish the market price of an asset. A breakthrough above Bitcoin's all-time high of $110,000 would initiate this phase, taking BTC into an unknown trading range with continuous highs until a new balance is achieved between supply and demand. Cointelegraph also noted that Bitcoin is close to confirming a 'golden cross' on its daily chart, which has historically been associated with price rallies of 45% to 60%. This development aligns with the prospects of Bitcoin reaching new highs this month. A monthly close near $110,000 would represent a 15% to 17% increase for Bitcoin in May.

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#Crypto2025Trends btc Down

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