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Why The Record $5,000 Bitcoin Monthly Close Could Soon Become The Norm

Bitcoin is the best performing mainstream financial asset of 2020 and of the last decade. No other asset since its inception has brought investors a larger return on their initial capital.

And at this point, there is only one day where the cryptocurrency traded at higher prices. If Bitcoin price can close at current levels, it’ll set a new record for the most profitable month in history in terms of the candle body.  

Here’s why this is significant and why it could be the norm moving forward in terms of month over month gains with a new bull market upon us.Bitcoin price is currently trading over $19,400 and is less than $600 away from setting a new all-time high peak on even the highest possible exchange price from 2017.