Bitcoin price hits $19.5K into weekly close as trader predicts 'green week'
There's reason to stay bullish on BTC as the weekly candle close approaches and price action breaks a dull status quo. Bitcoin (BTC) saw fresh gains on Oct. 23 as the weekend delivered a potential launchpad for the bulls.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$10 million liquidations as Bitcoin steps higherData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it spiked above $19,500 as the weekly close approached.While modest, the $300 move punctuated otherwise flat trading behavior, Bitcoin notoriously rangebound on daily timeframes.Now, hopes were....
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The Bitcoin weekly chart has printed a red candlestick in a way that has quietly preceded some corrections. This candlestick appears in the numbers: in the open, the push, the rejection, and the close. That is exactly what happened last week. The candle that formed has now drawn the attention of an analyst who has catalogued its full history on Binance going back to 2017, and what he found is the possibility of another Bitcoin crash. Bitcoin’s Weekly Candle Flashes A Rare Bearish Setup As noted by a crypto analyst that goes by the name Sherlock on X, the latest Bitcoin weekly candle is one....
Traders paint clear cut-off points for Bitcoin price action as the week draws to an end near crucial moving averages. Bitcoin (BTC) found strength at $22,000 into July 24 with bulls still aiming for a solid green weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewClassic levels for end-of-week price focusData from Cointelegraph Markets Pro and TradingView showed BTC/USD halting a weekend drop at $21,900 to return towards the $23,000 on the day.The pair held a trading range closely focused on key long-term trendlines, which analysts had previously described as essential....
After consolidating for many days, Bitcoin underwent one final push ahead of the weekly candle close just minutes ago. The price of the leading cryptocurrency currently trades for $19,400, far above the weekly lows. This one final push allowed BTC to push to its highest weekly close ever, according to a crypto trader known as […]
Levels immediately below the current $23,000 need to hold at the weekly close for Bitcoin bulls to breathe easy, commentators warn. Bitcoin (BTC) recovered above $23,000 into July 22 as attention increasingly focused on the upcoming weekly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price needs to preserve at least $22,400Data from Cointelegraph Markets Pro and TradingView showed BTC/USD finding renewed strength after briefly dipping towards $22,000.The pair traded in a critical zone for bulls on the day, with the 50-day and 200-week moving averages (MAs) still yet....
Bitcoin is about to see its next weekly candle close, one that analysts say will be critical. One trader highlighted how this candle will most likely mark Bitcoin’s highest weekly candle since the blow-off top seen at the end of 2017 and start of 2018. The Importance of Bitcoin’s Upcoming Close Bitcoin is about to see its next weekly candle close. In the coming hours, the leading cryptocurrency will print its latest weekly candle. Analysts […]