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Crypto

Bitcoin Prints Largest Weekly Candle Since March 2023 with 23.56% Surge

Guavy AI Editorial Team
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BTC
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Bitcoin has surged by an impressive 23.56% over the past week, marking its largest weekly candle since March 2023.

The price of BTC currently stands at $77,216.46 and is trading within the Bollinger band with an upper resistance level at $79,287.23.

Despite the bullish structure holding above the EMA50 support level at $71,903.67, the MACD death cross at 1,987.92 and a neutral RSI of 67.35 suggest that there may be a probable retracement before the continuation of this upward trend.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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