Bitcoin Holds Above Crucial Level — Weekly Close >68k Possible!
Trump's speech at the Bitcoin conference yesterday led to a typical chart movement: A strong push before and a (small) sell-off once the speech started.
However, here's the important aspect: So far, Bitcoin managed to stay above the upper bull flag line. Every drop below has been bought up quickly. This happened while the overall crypto market, Ethereum and altcoins, suffered a backslash on the road to recovery. Consequently, Bitcoin's dominance jumped massively.
For today, it will be important that Bitcoin holds this level and preferably climbs above the 68.2 level to close the week with a massive bullish green candle.
