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Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K
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Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows.
Data from Cointelegraph Markets Pro and TradingView followed a quiet 24 hours for BTC/USD after Friday's $6,000 red candle.
Although quiet into Sunday, the pair nonetheless dipped below a major zone of support on weekly timeframes, opening up the potential for its lowest end-of-week levels since late September.
For trader and analyst Rekt Capital, $55,800 should be reclaimed to reverse this, something which could still "easily" occur.
Here's #BTC on the Weekly timeframeNow dipping below the green demand area$BTC could still easily Weekly Close above the green box bottom (~$55800) which would require BTC to confirm a break back
Read more on cointelegraph.comAbout this in other media
Bitcoin holds $50K as analyst says weekly timeframes confirm bull market remains intact cointelegraph.com /3 years ago
Bitcoin and altcoins took a hit, but derivatives data reflects a calmer market cointelegraph.com /3 years ago
Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K cointelegraph.com /3 years ago
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