Bitcoin Price Made History: Highest Weekly Close!

The Bitcoin price has created an upward technical model by recording the highest weekly candle ever. Bitcoin's previous record weekly close was recorded in early April. Cryptomining.mobi as a result, we have compiled the details for you, let's study the topic together…

The Bitcoin price has created an upward technical model by recording the highest weekly candle ever. Bitcoin's previous record weekly close was recorded in early April. Cryptomining.mobi as a result, we have compiled the details for you, let's study the topic together…

The price of Bitcoin has recorded its highest weekly candle ever!

The price of Bitcoin has recorded its highest weekly candle ever at just over $62,000, the latest sign of strengthening bullish momentum.  The leading cryptocurrency was very close to making a dangerous close below $60,000, after the bears pushed it to an intraday low of $58,940. However, buyers managed to step in hours before the historic weekly close, saving the day.

Bitcoin's previous record weekly close was recorded in early April. This close of the leading cryptocurrency came a few days before it reached its current lifetime peak of $64,804 on April 14. At that time, the highly anticipated public desire of Coinbase, the leading US cryptocurrency exchange, was the key catalyst that triggered the rise. This time, after the US Securities and Exchange Commission approved the first Bitcoin futures exchange-traded fund, Bitcoin exceeded the value of 60,000 dollars.

An uptrend has formed…

With three green long-body candles, Bitcoin has now printed the “three white soldiers” pattern, which is typically considered a reliable bullish indicator.Yesilmaz The fact that the cryptocurrency managed to get three candles with small shadows indicates that the bulls are in control, as the price closes december the top of each price range. The top cryptocurrency is trading at $62,220 at press time.