Let’s take a quick look at Bitcoin after this green weekly close.
Bitcoin gave us a strong weekly close, which is above the danger zone at $62K—a highly positive sign.
Zooming in on the chart and analyzing the candlesticks, we can see that every day, there’s been a tough battle between Bitcoin bulls and bears.
The good news is that the bulls are winning this battle consistently.
This is the last week of the month, and things look good overall. Additionally, there is highly positive news: CZ is expected to get out of jail this week.
This could be another positive signal for the market. However, I’d advise caution and being prepared for the worst as we are just 7 days away from the most bullish month “Uptober”.
