It’s a rags-to-riches story for Tezos this week, while Bitcoin bulls fail to find momentum for a full recovery from Tuesday’s major price dip.
Bitcoin (BTC) ranged below a critical weekly close target on Sept. 10 as analysis warned its multi-week uptrend was in danger. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price lags $1,500 below crucial levelData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at around $46,000 Friday after rejecting near $47,450 the day before.That level marks the lower bound of Bitcoin’s uptrend on the weekly chart, one which has continued since mid July.Now, BTC/USD needs to reclaim it, trader and analyst Rekt Capital says, in order to preserve that trend.#BTC bounces from Weekly support (blue)However, it is still below the black Weekly Higher Low which represents a price of ~$47400$BTC needs to Weekly Close above the HL to retain the multi-week uptrendAt
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