RATE Group | BTC Bears Slammed As Buyers Support Price
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BTC Bears Slammed As Buyers Support Price

11 Jan BTC Bears Slammed As Buyers Support Price

Posted at 08:33h in Bitcoin News by

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Friday’s (January 10th, 2020) session closed extremely bullish.

Continuation moves higher likely.

Bitcoin’s Bullish Engulfing candlestick

Bitcoin (BTC)

Friday caps off one heck of a week. The stock market made new all-time highs before selling off during the final trading hours of the day. Oil nosedived, dropping -6.21% for the week, but more than -10.63% from the weekly high to the weekly low. Gold tagged the $1600 value area for the first time in nearly seven years. Bitcoin still has a couple of days before its weekly candlestick closes, but Bitcoin is currently up +11.82% for the week. The daily candlestick for Bitcoin is extremely bullish. The pattern that Bitcoin has created for Friday’s candlestick is a bullish engulfing candlestick. The bullish engulfing candlestick pattern is defined by the candlestick having a higher high and a lower low than the prior…

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