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Bitcoin decides fate of $60K as weekly close keeps BTC traders on their toes
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Bitcoin (BTC) is lining up a crucial weekly support test on Oct. 23 after impulsive sellers moved large amounts of BTC to major exchange Binance.
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.
Last week, #BTC Weekly Closed above a historical major resistance area (red)This week, $BTC may be dipping towards the same area but this time to turn it into a supportWeekly retest may soon be
Read more on cointelegraph.comAbout this in other media
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