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Bitcoin decides fate of $60K as weekly close BTC/USD is keeping traders nervous into Saturday, data from Cointelegraph Markets Pro and TradingView shows, deciding on the fate of $60,000 support.The level had proven the first major area of buyer interest overnight after old all-time highs at $64,900 failed to prop up the market. While analysts remain bullish on longer timeframes, the comedown is creating an interesting close to the current weekly candle.Elsewhere, a popular theory revolves around a structured flushing out of overleveraged traders, these having pushed up funding rates to classic unsustainable levels during the run to $67,100 all-time highs.Front-running the United States' first Bitcoin ETF is likewise still a major topic of debate, as noted by popular Twitter account BitBit.
BITSTAMP:BTCUSDLong
by Wendy92287
Houston! WE FOUND THE BOTTOM. #BTCUSDShould I scare going against the trend? well, lots of TA thinks we going to 5\4\3, and I ask my self, why? None of the TA charts support this, only long shot charts requested by some analysts, As simple as I see it, BTC has found the bottom. I will Be very surprised if we will not hold the 6000. Now, all we need is just watch the days go by, and Sorry for not longing this Shit all the way up. This is my TA, done for my OWN purpose, StopLoss At 5700. Love you all!
BITMEX:BTCUSD.PLong
by BITBITcrypto
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