Bitcoin's technical indicators support the newly formed bullish narrative. Traders should keep a watch on Bitcoin because an upsurge and volatility are likely.
Bitcoin's price may rise once more.
Bitcoin is trading in a range after gaining 5% on January 17. According to the Binance exchange API, the 5% uptick saw the most Bitcoin transactions this year, with $495,000 transactions taking place during the uptick. The rise came just one day after the bears forged a 3% loss, which also happened to be the highest volume day at the time, with around $450,000 in transactions. On January 17, the bearish candle was virtually totally reversed as the bulls closed above the previous day's opening price of $24,569.
A new surge higher into the weekly closing for BTC price coincides with questions about the motivations of high-volume Bitcoin exchange dealers.
Bitcoin hit $25,000 for the third time on Feb. 19 as the crucial weekly close loomed.
Bitcoin's price may rise once more.
Bitcoin is trading in a range after gaining 5% on January 17. According to the Binance exchange API, the 5% uptick saw the most Bitcoin transactions this year, with $495,000 transactions taking place during the uptick. The rise came just one day after the bears forged a 3% loss, which also happened to be the highest volume day at the time, with around $450,000 in transactions. On January 17, the bearish candle was virtually totally reversed as the bulls closed above the previous day's opening price of $24,569.
A new surge higher into the weekly closing for BTC price coincides with questions about the motivations of high-volume Bitcoin exchange dealers.
Bitcoin hit $25,000 for the third time on Feb. 19 as the crucial weekly close loomed.
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