The Weekly Recap: Bitcoin Fights for $30K, Seeks First Green Candle in 9 Weeks

The past seven days saw some action on the cryptocurrency market to the upside, and bulls were able to reclaim some $30 billion from the total capitalization. Unfortunately, the bears once again reclaimed their grounds and seemingly took control over the past couple of days.

At the time of this writing, the weekly candle for bitcoin’s price is green, albeit hanging by a thread. It’s very interesting to see whether the cryptocurrency will finally be able to close a green candle, following a devastating streak of closing nine consecutive weeks at a loss. For this to happen, BTC needs to end Sunday’s trading session above $29,468 .

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