Bitcoin (BTC) is facing the end of its 8-week green candle streak.
As Bitcoin rally slows down slightly, price over 42 thousand dollars He’s trying to stay. of 2017 April-June last month, surpassing the record between Ending the 8th week in green While the price of Bitcoin dropped sharply at the beginning of this week, it still has not made a big recovery.
announced on Tuesday US inflation data and announced on Wednesday US Federal Reserve (FED) interest rate decision While it did not have a big enough impact to determine the direction of Bitcoin, the price increased with the momentum lost on Friday. for $41,500 decreased by .
On-chain analytics firm IntoTheBlock reports on Bitcoin exchanges throughout the week. 860 million dollars While stating that there was an entry, it was emphasized that this level was the highest since March. The data in question belongs to Bitcoin has been living since October It indicates profit taking as a result of the rally.
According to CoinGecko data, Bitcoin, at the time of writing from $42,400 is being traded.