Today news
About the same in other media
Bitcoin avoids recent lows as BTC price eyes $60K into the weekly close
Reading now: 803
Bitcoin (BTC) hovered near $59,000 as Nov. 21 came to a close after avoiding a retest of its recent lows.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD almost hitting $60,000 before consolidating in a new higher range after sudden gains Saturday evening.
The pair had hit lows of $55,650 during the week, these marking its lowest point in over a month, but further retests failed to materialize as sentiment improved.
Adopting a calmer perspective into the weekly close, analysts thus looked to the long term to understand the overall health of the market.
"Since breaking its black 200-day EMA, BTC rallied to new All Time Highs. Still over +50% above the 200 EMA, despite the recent retrace from ATHs," Rekt Capital summarized on
Read more on cointelegraph.comAbout this in other media
Bitcoin whales move fresh coins to exchanges in repeat of behavior before $42K BTC price dip cointelegraph.com /2 years ago
Bitcoin could 'consolidate until 2022' after mass wipeout sends BTC price to $41K cointelegraph.com /2 years ago
Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
