Bitcoin has a decent weekly close, with a long wick down on the candle showing tremendous buying demand off of the lows. That said, the previous week’s spinning top candle showed indecision and both buyers and sellers pushing on any real move. It seems we are in the chop at the moment. I still want a close above $69,000 for any sort of real confirmation of a move up. For now, more indecision according to the chart.
scott.melker@texaswestcapital.com