Bitcoin Keeps Playing Dead During Weekdays. Will BTC Price Increase over the Weekend?

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Wed, 03/20/2019 - 18:22
Alex Dovbnya
⚖️While the BTC price is showing unprecedented stability during the week, it could eventually surpass the $4,200 mark this weekend ☝️
Cover image via U.Today
Contents

Crypto trader Luke Martin took to Twitter to share his take on Bitcoin’s unprecedented stability that is displayed throughout the week. The price of the flagship currency hasn’t moved more than $60.

Related
Bitcoin Breaks Its Two-Week Stability Streak

Crypto whales are busy  

Martin points out that Bitcoin ‘keeps playing dead’ during the week with significant price moves being recorded only on the weekend.

One Twitter user jokingly suggested that crypto whales are struggling so hard during the crypto winter that they had to find Monday-through-Friday jobs.

Calm before the storm?  

As reported earlier by U.Today, Bitcoin has finally surpassed the psychologically important mark of $4,000 on Saturday, March 16, after struggling to do so for weeks. This is not the first time when the king of crypto reached this milestone – on Sunday, Feb. 24, Bitcoin rallied to $4,150. However, it was shortly followed by a sharp market reversal that made the BTC price plunge nearly 5 percent.

At press time, the BTC price is at $4,053, still failing to break above yet another important resistance level of $4,200. However, this weekend could very likely become a game-changer.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.


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