Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Dociko on October 14, 2021, 03:16:52 PM
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Bitcoin has never managed a weekly close above $60,000, and failing to do so again risks a reversal downhill, a new warning says.
Bitcoin (BTC) challenged brand-new support levels on Oct. 14 after overnight successes took the market past $58,000.
Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it reversed toward $57,000 after hitting highs of $58,540 on Bitstamp.
The moves mimicked the first time Bitcoin had attacked $58,000 in February — several attempts interspersed by consolidation, followed ultimately by a run to April’s all-time highs.
Despite on-chain indicators showing that Bitcoin is a different beast in Q4, however, the mood was just as bullish this time around.
Source: Cointelegraph
(https://cointelegraph.com/news/bitcoin-analyst-highly-doubts-return-to-50k-will-the-weekly-close-spark-a-correction)