Last weeks high: $68,476.68
Last weeks low: $60,656.67
Midpoint: 64,566.67
On my last weekly outlook I commented on the nature of the weeks rally and how it began at weekly low and finished the week at weekly high. The same thing happened almost identically this time with a weekly low of just above $60,000 rallying +13% to reach just shy of the '21 ATH at...
Like predicted in my previous article, since the very release of the Coinbase IPO, "COIN", Bitcoin has yet to test new highs.
Consequently, Bitcoin is nearly 45% from the April 13th high, and has spent the last 18 days consolidating into what appears to be a pennant.
Generally, pennants have a higher probability of a continuation than a reversal. However, this...