Bitcoin price closed the month of October with a higher high on the candle closing, a feat that has throughout history always led to a renewed bull run and additional all-time highs. Coinciding with the November monthly open, here are ten bullish Bitcoin price charts that suggest bullish continuation is ahead – but also warns that the eventual end to the market cycle is near as well. Ten Bullish Monthly Bitcoin Price Charts The leading cryptocurrency by market cap has made a higher high on the highest timeframes – a clear signal that the trend has yet to conclude. By pure definition, an uptrend is a series of higher highs and higher lows. The two boxes have been checked by Bitcoin, and it is time for the market to respond. Below you’ll find ten monthly Bitcoin price charts and the bullish factors they exhibit. For all of the bullish technicals, there are two important things to note. When the move ahead appears this obvious and the crowd expects it to happen, the market often does the opposite. Also, such overheated monthly technical indicators – as bullish as they may be – signal the end is also near. Relative Strength Index (RSI) The Relative Strength Index measures the strength of an asset’s underlying price action and can tell analysts when an asset is overbought or oversold. A reading of under 30 suggests conditions are oversold – something that’s never happened on monthly timeframes when trading the fir...
