Bitcoin (BTC) saw fresh gains on Oct. 23 as the weekend delivered a potential launchpad for the bulls.
$10 million liquidations as Bitcoin steps higher
маалыматтарды Cointelegraph Markets Pro жана TradingView followed BTC/USD as it spiked above $19,500 as the weekly close approached.
While modest, the $300 move punctuated otherwise flat trading behavior, Bitcoin notoriously rangebound on daily timeframes.
Now, hopes were high that the market would offer more solid price action in the coming days, $20,000 remaining out of reach for over a week.
“Green week ahead, preferably first closing the current CME gap,” popular trader Crypto Ed айтып Twitter followers in an update at the time of writing.
An accompanying chart showed resistance in play around $19,500.
“Still moving higher from the green box. For now rejected exactly at that horizontal,” he added.
Analytics account On-Chain College meanwhile noted that even such an hourly uptick had managed to spark comparatively large number of liquidations, these setting a multi-day record.
“Around $6 million in Bitcoin Short Liquidations over the last hour. This is the highest short liquidation level in 10 days,” it ырастады alongside data from on-chain analytics platform CryptoQuant.
Weekly close could set multi-week high
In terms of weekly closes, Oct. 23 looked set to be another close-run candle within an increasingly compressed cluster.
байланыштуу: Биткойн 100-жылы "эң чоң аюу базарына" чейин 2023 миң доллардан ашат - трейдер
Should BTC/USD end the week above $19,440, however, it would nonetheless represent the highest weekly close since early September.
In an update, trading suite Decentrader nonetheless сүрөттөлгөн Bitcoin as “strong” going into the close, with multiple trading indicators bullish.
“I do believe the bottom is in for Bitcoin, despite the majority believing that we’ll hit $14K or lower,” Michaël van de Poppe, founder and CEO of trading firm Eight, meanwhile Досторду кошо элек in thoughts on the day.
Бул жерде айтылган көз-караштар жана ой-пикирлер автордун гана көз-карашы жана Cointelegraph.com сайтынын көз-карашын чагылдырбайт. Ар бир инвестиция жана соода кыймылы тобокелдикти камтыйт, чечим кабыл алууда өзүңүздүн изилдөө жүргүзүшүңүз керек.
Source: https://cointelegraph.com/news/bitcoin-price-hits-19-5k-into-weekly-close-as-trader-predicts-green-week