Bitcoin is on the verge of achieving its highest monthly close ever, with just 11 days left in May. The cryptocurrency could break above $102,400, marking a new high for the month following a record-breaking weekly close of $106,407 on May 18th. This surge is fueled by an ongoing bull market that shows no signs of slowing down. Experts suggest Bitcoin’s current trajectory suggests it is approaching a price discovery phase, where buyers and sellers interact to establish the asset’s true value. Breaking through its all-time high of $110,000 could initiate this phase, leading to unprecedented trading ranges with consistent upward momentum until a new balance between supply and demand is established.