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Bitcoin is setting up for a historic monthly close.
If it closes where it is now, it will be the first time it has ever closed a monthly candle back below a previous cycle high.
Even in 2022 it did not do that.
And it would be doing this, after the first cycle where the 1M RSI never truly entered into overbought territory.
Bitcoin continues to do things within this cycle that it has never done.
$60k has been a solid level, with massive amounts of accumulation happening. But a monthly close here would not be ideal for the bullas.
How does the next monthly candle look to you if we close like this?