{"id":424242,"date":"2020-05-18T10:15:42","date_gmt":"2020-05-18T10:15:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=424242"},"modified":"2024-06-11T13:48:54","modified_gmt":"2024-06-11T13:48:54","slug":"golden-era-bitcoin-price-coming-weekly-close","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/golden-era-bitcoin-price-coming-weekly-close\/","title":{"rendered":"The “Golden Era” for Bitcoin Is Coming After Crucial Weekly Candle Closes Above $9,500"},"content":{"rendered":"
Just a day before Bitcoin’s latest weekly candle closed on Sunday evening, the cryptocurrency made a final push higher, rallying from the low-$9,000s to $9,800. While a small move in dollar terms, it was this final push that allowed BTC to pass a key resistance level, opening Bitcoin to a “golden era” of price action.<\/p>\n
Bitcoin’s Weekly Candle Was Decisively Bullish: Analysts<\/h2>\n
After failing to surmount a macro downtrend three times over the past two years, Bitcoin managed to crack that same level this week as depicted in the chart below. This technical occurrence holds weight, analysts say, and it may be a precursor to further macro gains.<\/p>\n