The Heikin-Ashi weekly candles show Bitcoin in a second consecutive week of consolidation ranging from a low of $45,964 to a high of $52,079 – the same range as the prior week. The bullish uptrend in Bitcoin remains intact heading into year end. The weekly chart shows bitcoin holding above two key moving averages.
- Bitcoin hasn’t breached the 58 week moving average since May 2020 – currently $44,786
- Bitcoin hasn’t closed below the 50 week moving average since April 2020 – currently $47,873
