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‘Something sure feels like it’s about to break’ — 5 things to know in Bitcoin this week -Breaking

by Mike Robinson

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‘Something sure feels like it’s about to break’ — 5 things to know in Bitcoin this week

(BTC) starts a new week in an uncertain place facing uncertain times — is $40,000 now resistance?

This is the largest cryptocurrency to have just finished a fourth weekly red candle, which hasn’t happened since June 2020.

Bloomberg global stock market cap chart. Source: Holger Zschaepitz/ Twitter (NYSE:)
One-week candle chart with the U.S. Dollar Currency Index (DXY). TradingView
BTC/USD 1-week candle chart (Bitstamp). TradingView
Chart of Bitcoin HODL Waves. Source: Unchained Capital
Chart of Bitcoin’s hash rate (screenshot). Source: MiningPoolStats