Cryptocurrency
Bitcoin Price Weekly Candle Closed as a Pin Bar — So What Comes Next?
As reported by Cointelegraph, “Bitcoin (BTC) closed the week up at $7,513 which was a 5.65% increase from the opening price of $7,111. It was a turbulent week with Bitcoin finding new lows for the quarter of $6,430, which invoked an impressive 16% bounce to close the week. “Bitcoin has continued to outperform the other […]
As reported by Cointelegraph, “Bitcoin (BTC) closed the week up at $7,513 which was a 5.65% increase from the opening price of $7,111. It was a turbulent week with Bitcoin finding new lows for the quarter of $6,430, which invoked an impressive 16% bounce to close the week.
“Bitcoin has continued to outperform the other cryptocurrencies, demonstrated by the 7-day performance for Bitcoin recording a 9.19% increase, whereas Ethereum’s Ether token (ETH) has barely moved, while XRP has lost around 5% of its value.
“As such, there appears to be a disconnect developing between Bitcoin and the rest of the market…”