Bitcoin’s Weekly Candle Just Closed—And We’re In the “Middle of Nowhere”

[Dociko]

Just an hour ago, Bitcoin’s weekly candle closed after an eventual week in which the leading cryptocurrency surged from lows near $10,000 to a local high at $11,150. The coin now trades at $10,950 as of this article’s writing, slightly above the ~$10,850 weekly close.

The cryptocurrency, while above the pivotal $10,000 technical and psychological support level, is purportedly still in the middle of nowhere on a macro time frame. Bitcoin will need to move above local range highs or lows to confirm a trend.
Details: https://www.newsbtc.com/2020/09/21/bitcoins-weekly-candle-just-closed-and-were-in-the-middle-of-nowhere/?amp