Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls.
Binance bids slowly thin below spot
маалыматтарды Cointelegraph Markets Pro жана TradingView showed BTC/USD failing to retake the $40,000 mark after losing it before the weekend.
As traders braced for classic volatility into the weekly close, Bitcoin looked decidedly unappetizing. At $39,500 on Bitstamp, the spot price at the time of writing would constitute the lowest weekly close since the week of March 7.
“Pretty obvious uptrend since mid-to-late January imo. If we have our 4th RED weekly close today could be bad though,” Twitter account CryptoBull жорум in a discussion with popular analysts Johal Miles and Pentoshi.
Four red weekly candles in a row would be a rare event, the account added, noting its absence for the past two years on the weekly chart.
“Hasn’t happened since 6/2020. But after that happened we went to up to ATH,” it wrote.
France keeps markets on edge
байланыштуу: Bitcoin каржылоо курстары кыска BTCге суроо-талапты көрсөтүп турат, анткени 40 миң доллар каршылыкка айланат
With incumbent Emmanuel Macron expected to win a second term, warnings nonetheless painted a dire market reaction in the event that his rival, Marine Le Pen, won the presidency.
“It would be a terrible day for markets,” Ariane Hayate, fund manager at Edmond de Rothschild Asset Management, айтып Bloomberg.
“The first impact would be on the French 10-year bond yield that could go through the roof.”
катары Cointelegraph билдирди, the European Union’s financial fragility has been brought to the fore as inflation soars and central bank balance sheet reductions have yet to kick in.
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-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms