Bitcoin broke two historic records as it trades around $70k. Bitcoin, closes its highest monthly candle ever, up 13% on 2021’s record.
While bitcoin hit an all-time high of $68,900 in 2021, it never closed a monthly candle above $61,400. Twice it broke the $60,000 psychological resistance, once between March and April and again between October and November. However, on neither occasion was the top digital asset able to hold above this critical level.
On the monthly chart, the thick part of the candle denotes the opening and closing prices, while the thin ‘wicks’ show the full range of the price movement during the period. A green candle indicates a month where the price ended higher than it started – so the bottom of the candle is the open, and the top is the close. A red candle shows the opposite, where the price at the end of the month was lower than at the start.
In March 2021, bitcoin closed at $58,800 after a monthly high of $61,700, then in April, it closed $100 lower, around $58,700, even though it reached a new all-time high of $64,700 earlier in the month.
