BTC price eyes all-time high weekly close above $60K ahead of Bitcoin ETF turbulence
Bitcoin (BTC) faces a pivotal weekly close on Oct. 17 with bulls scrambling to squash final resistance before all-time highs.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging throughout the weekend, crucially staying above $60,000.
This week's close was already tipped to be a deal-breaker, potentially being its highest ever — only once before has Bitcoin ended a weekly candle above the $60,000 mark.
With hours left to go, analysts were bracing for a potentially pivotal moment, one that could open up the path to uncharted territory for bulls.
"Another BTC Daily Close above the red area later today and Bitcoin will have confirmed a break beyond its final major resistance on the Weekly timeframe," Rekt Capital commented.
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