The weekly candle for Bitcoin (BTC) closed at a significant resistance level of $69,000. This price surpasses the peak of Bitcoin's bull flag, aligning with its previous all-time high recorded in November 2021.
The close at this level is seen as a promising signal by market bulls, who might interpret it as an opportunity to push the Bitcoin price higher in the upcoming week.
If the momentum holds, it could potentially mark a new bullish trend, encouraging more investors to join the rally, anticipating further gains.
