{"id":35521,"date":"2022-12-24T10:02:11","date_gmt":"2022-12-24T10:02:11","guid":{"rendered":"https:\/\/lydian.io\/?p=35521"},"modified":"2022-12-24T10:02:11","modified_gmt":"2022-12-24T10:02:11","slug":"bitcoin-price-touches-19-5k-to-close-the-week-as-trader-predicts-a-green-week","status":"publish","type":"post","link":"https:\/\/lydian.io\/bitcoin-price-touches-19-5k-to-close-the-week-as-trader-predicts-a-green-week\/","title":{"rendered":"Bitcoin price touches $19.5K to close the week as trader predicts a \u201cgreen week\u201d.","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 8 Second <\/div>\n\n <\/div>

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Bitcoin (BTC) posted contemporary positive factors on Oct. 23 because the weekend offered a possible launch pad for the bulls.<\/p>\n

BTC\/USD 1 Hour Candlestick Chart (Bitstamp). Supply: TradingView<\/p>\n

$10M Liquidations as Bitcoin Climbs Larger<\/h2>\n

Information from Cointelegraph Markets Professional and trading view<\/a> adopted BTC\/USD because it surged above $19,500 because the weekly shut neared.<\/p>\n

The $300 transfer, whereas modest, was in any other case disrupted flat trading behavior<\/a>Bitcoin notoriously vary certain on every day timeframes.<\/p>\n

Now hopes have been excessive that the market would supply some extra stable worth motion within the coming days as $20,000 remained out of attain for over every week.<\/p>\n

\u201cInexperienced week is coming, ideally closing the present CME hole first,\u201d mentioned in style dealer Crypto Ed said<\/a> Twitter followers in an replace on the time of writing. <\/p>\n

An accompanying chart confirmed resistance within the sport round $19,500.<\/p>\n

\"Nonetheless shifting larger from the inexperienced field. Rejected at this actual horizontal in the meanwhile,\" he added.<\/p>\n

Annotated BTC\/USD chart. Supply: Crypto Ed\/Twitter<\/p>\n

Analytics account On-Chain Faculty, in the meantime, famous that even such an hourly surge had managed to set off a relatively giant variety of liquidations that set a multi-day report. <\/p>\n

\u201cRound $6 million in bitcoin brief liquidations up to now hour. That is the very best brief liquidation degree in 10 days,\u201d it mentioned Approved<\/a> alongside information from the on-chain evaluation platform CryptoQuant.<\/p>\n

Annotated BTC\/USD chart. Supply: On-Chain Faculty\/ Twitter<\/p>\n

The weekly shut may set a multi-week excessive<\/h2>\n

When it comes to weekly closes, October 23 gave the impression to be one other tight candle inside an more and more compressed cluster.<\/p>\n

Associated: Bitcoin Will Shoot Above $100,000 in 2023 Earlier than 'Largest Bear Market' - Merchants<\/strong><\/p>\n

Nevertheless, ought to BTC\/USD finish the week above $19,440, it will nonetheless symbolize its highest weekly shut since early September.<\/p>\n

BTC\/USD 1-week candlestick chart (Bitstamp). Supply: TradingView<\/p>\n

In an replace, the buying and selling suite is Decentrader nonetheless described<\/a> Bitcoin goes to shut as \u201csturdy\u201d with a number of buying and selling indicators bullish.<\/p>\n

\u201cI imagine Bitcoin has bottomed, though the bulk imagine we are going to hit $14,000 or under,\u201d mentioned Micha\u00ebl van de Poppe, founder and CEO of buying and selling firm Eight added<\/a> in ideas of the day.<\/p>\n

The views and opinions expressed herein are solely these of the creator and don't essentially replicate the views of Cointelegraph.com. Each funding and buying and selling transfer entails danger, you need to do your individual analysis when making a choice.\n<\/p>\n

Source link <\/a><\/p>\n

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