Bitcoin is “well positioned” for a strong weekly close, but not everyone is trusting of traditionally unreliable weekend BTC price action.
Bitcoin (BTC) headed higher into the April 7 weekly close as uncharacteristic weekend BTC price action boosted bulls.
Data from Cointelegraph Markets Pro and TradingView showed a sudden move above $69,000 during the weekend, with Bitcoin hitting local highs of $69,781 on Bitstamp.
With the close now just hours away, traders evoked similar weekend scenarios, hoping that upside would continue into the new week.
Read more
Source: https://cointelegraph.com/news/bitcoin-bulls-70k-btc-price-not-typical-weekend