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

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"

Timeline of Bitcoin