A New Record Has Been Broken in Bitcoin! Highest Weekly Close Recorded
Bitcoin recorded its highest-ever weekly candle just above $62,000, the latest sign of strengthening its bullish momentum.
New Record Broken in Bitcoin
Bitcoin (BTC), the largest cryptocurrency in terms of market value, continued to decline in the past day. So much so that Bitcoin was dangerously close to closing below $60,000 after the bears pulled the price to an intraday low of $58,940.However, buyers managed to step in hours before the historic weekly close and saved the day.
Bitcoin ‘s previous record weekly close was recorded in early April. It came just days before the leading cryptocurrency Bitcoin ( BTC ) reached its current lifetime peak of $64,804 on April 14.
At the time, the highly anticipated IPO of the leading US cryptocurrency exchange Coinbase was a key catalyst for this record high in Bitcoin.
This time, however , Bitcoin surpassed the $60,000 mark after the U.S. Securities and Exchange Commission ( SEC ) approved the first Bitcoin futures exchange-traded fund.
Bitcoin Exhibits an Uptrend
With three green long body candles, Bitcoin now showcases the “three white soldiers” pattern, which is typically considered a reliable bullish indicator.
The fact that the leading cryptocurrency managed to throw three candles with small shadows indicates that the bulls have been in control since the price closed near the top of each price range.
Ranked as the leading penned Content crypto currency unit Bitcoin ( BTC ), it continues to see an increase of 62 460 dollars in transactions in the last 24 hours 2.75%.