Bitcoin Finally Reaches New All-Time High Amid Bullish Monthly Close

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Bitcoin Finally Reaches New All-Time High Amid Bullish Monthly Close

On Nov. 30, the Bitcoin (BTC) price finally reached a new all-time high and proceeded to reach a high of $19,864. While the daily chart shows that the rally is overextended, the short-term one suggests that another increase is in store. Yesterday, the BTC price reached a new all-time high of $19,864 and proceeded to close at $19,700.This was especially significant as it occurred at the very end of the month.

Bullish Bitcoin Monthly Close
The monthly candlestick for November was a massive bullish engulfing candlestick which measured an increase of roughly $6,600. This is the highest dollar increase in a monthly candlestick in Bitcoin history.

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