Bitcoin

<ul><li>Skew reveals Bitcoin&#39;s resilience with a notable weekly high, pinpointing crucial $65.5K-$63.5K support for market direction.</li><li>Binance and Coinbase spotlight market shifts as Skew analyzes Bitcoin&#39;s struggle at $70K and emerging demand at $60K.</li><li>Daan Crypto emphasizes the long-term value of the Weekly 200MA for Bitcoin despite recent bear market challenges.</li></ul>Bitcoin&#39;s market is experiencing notable fluctuations, showing its highest weekly close since 2021. In a detailed thread, analyst Skew has dissected Bitcoin&#39;s recent performance, shedding light on the highest weekly close. This has naturally led to a price pullback from weekend activities. The spotlight shines on the 4-hour systematic trends, particularly the 4H 21 EMA and 4H 55EMA, combined with critical indicators such as the RSI 50 and Stoch RSI. These metrics offer a nuanced view of Bitcoin&#39;s short-term trajectory.Moreover, a significant technical area for<a href="https://cryptotale.org/bitcoin-hits-historic-70k-milestone-amid-mixed-market-sentiments/" rel="noopener noreferrer nofollow"> Bitcoin</a>, according to Skew, ranges from $65.5K to $63.5K, serving as a crucial buffer against deeper dips. This insight underscores the importance of the weekly opening, which could signal the market&#39;s direction. Strength in reclaiming positions could propel prices higher, whereas failure may trigger a deeper pullback.<a href="https://cryptotale.org/bitcoin-hits-2021-peak-analysts-spot-btcs-struggle-around-the-70k-mark/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Bitcoin Hits 2021 Peak: Analysts Spot BTC’s Struggle Around the $70K Mark

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