{"id":392813,"date":"2019-08-12T10:00:11","date_gmt":"2019-08-12T10:00:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=392813"},"modified":"2019-08-12T11:36:31","modified_gmt":"2019-08-12T11:36:31","slug":"will-bitcoins-bullish-weekly-close-lead-to-further-gains","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/will-bitcoins-bullish-weekly-close-lead-to-further-gains\/","title":{"rendered":"Bitcoin Hits Highest Weekly Close Since January 2018, Showing Strong Momentum"},"content":{"rendered":"
After spending the best part of the past week consolidating, Bitcoin took a turn south over the weekend. On the bright side, the king of crypto registered its highest weekly close for over a year. Will it lead to further gains?<\/p>\n
Today\u2019s Asian trading session has been the complete opposite of last Monday\u2019s. The sellers are piling on the pressure as Bitcoin fell from $11,580<\/a> to just above $11,300. A death cross as the 50 hour moving average fell below the 200 hour MA could spell further losses on this time frame. The opposite golden cross on the four hour chart paints a different picture though.<\/p>\n Another long term indicator is the weekly candle chart which is still very bullish despite the attack of the bears over the weekend. According to charts on Tradingview.com<\/a> Bitcoin closed the week just north of $11,500.<\/p>\n