January 19, 2022

$50K and BTC’s biggest weekly candle ever: 5 things to watch in Bitcoin this week

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Bitcoin (BTC) is riding high on a wave of positive sentiment as it prepares to take on $50,000.

After a volatile weekend which saw a new all-time high, expectations are putting Bitcoin back in the spotlight as a fundamental level comes into play — what’s in store?

Cointelegraph considers five factors which could serve to move the market in the coming days.

Stocks gain while the dollar dives

Stocks are climbing, building on a record-breaking rally which has seen many indexes already shoot higher than ever.

Despite warnings that the good times may soon end, including from Warren Buffett’s market indicator last week, markets began Monday in the green.

Japan’s Nikkei touched 30,000 points for the first time since 1990 on 1.6% growth.

BTC rolling 90-day correlation vs. USD, VIX, Gold, S&P500. Source: Digital Assets Data

At the same time, the strength of the U.S. dollar continues to falter. The U.S. dollar currency index, which measures USD against a basket of trading partner currencies, abandoned its latest attempt at a rebound over theTitle: $50K and BTC’s biggest weekly candle ever: 5 things to watch in Bitcoin this week
Sourced From: cointelegraph.com/news/50k-and-btc-s-biggest-weekly-candle-ever-5-things-to-watch-in-bitcoin-this-week
Published Date: Mon, 15 Feb 2021 08:35:01 +0000