Max pain for bears? Bitcoin hits $21,000 as futures shorters get smoked like it's 2021.
after it began to make up some serious lost ground through the week, with analysts warning that a retracement could occur at any time.
Nonetheless, only brief periods of consolidation accompanied Bitcoin's ascent, with weekly gains sitting at nearly 25%. In doing so, BTC/USD took out its realized price at $19,700, old all-time high from 2017, $20,000 and the 200-day moving average. The latter saw its first resistance/ support challenge since October 2021, one month before Bitcoin's most recent all-time high.
"Current BTC Weekly Candle is very close to equaling the Weekly Candle from April 2019 that confirmed a new $BTC Bull Market," he
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