The leading cryptocurrency Bitcoin (BTC) had a rough week, experiencing significant declines in response to the U.S. Securities and Exchange Commission (SEC) filing lawsuits against Binance and Coinbase.
However, as of tonight, Bitcoin is starting to show upward movements ahead of the weekly closing. BTC gained 1% today, leading to a resurgence in altcoins as well. While Bitcoin didn't experience a major surge, the upward movements before the weekly closing hold great significance.
Attention To This Level Before The Weekly Closing In Bitcoin!
Currently, all eyes are on the Bitcoin (BTC) cryptocurrency as it approaches the $26,680 level. In order for BTC to have a positive closing, it needs to surpass $26,680 before 03:00 GMT tonight.
While a rise of this magnitude seems unlikely at the moment, we should not forget the sharp movements Bitcoin experienced in recent days.
If Bitcoin manages to close the week above $26,680, it could potentially rise to around $28,000 in the coming week. However, failure to reclaim this level may result in a drop to $25,000.
It is advised for our readers to consider placing stop orders on their crypto investments as a precautionary measure.
