Bitcoin’s Weekly Candle Just Closed—And We’re In the “Middle of Nowhere”

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Just an hour ago, Bitcoin’s weekly candle closed after an eventual week in which the leading cryptocurrency surged from lows near $10,000 to a local high at $11,150. Bitcoin Is In the Middle of Nowhere on a Weekly Time Frame One analyst remarked that Bitcoin closed the weekly candle in no man’s land despite the 10% rally from the local lows.

Further strength in the stock market is likely to act as a boon for Bitcoin, which has rallied over recent months when the SP 500 has scaled higher. Featured Image from Shutterstock Price tags: xbtusd, btcusd, btcusdt Charts from TradingView.com Bitcoin's Weekly Candle Just Closed—And We're In the "Middle of Nowhere"

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