Monthly charts are a good way to assess macro and longer term trends, and Bitcoin just printed its 2nd highest monthly close ever when it closed above $13,700 on 31 October 2020. Bitcoin only closed higher on the monthly in that crazy December 2017 bull run, when it wicked up to $19K, but then quickly retraced back to close at about $13,800.
This means that Bitcoin is firmly on an uptrend, and might be on track to its highest monthly close if they inch up in November or December, where we might see an all time high in terms of monthly closes.
If we close above the levels we did in December 2017, this will be significant on multiple levels. Firstly in that Bitcoin has traded above 10K for the longest period ever (we are at 99 days and counting), and once we smash resistance at $14K, we will likely test new all time highs of $20K sooner rather than later.
Realistically, I think $16K or $18K to mark the end of 2020 is a very achievable number. What do you think?