Just another fakeout? Bitcoin spikes to ten-day highs near $22,000.
Just hours from the weekly close, a reversal then set in under $21,500, Bitcoin still in line to seal its first"green" weekly candle since May.that volatile conditions both up and down could return during low-liquidity weekend trading. On-chain data nonetheless fixed what appeared to be buying by Bitcoin's largest-volume investor cohort prior to the uptick."The supply held by entities with balance 1k-10k BTC just saw a huge spike in demand. Let’s watch if the trend confirms.
An accompanying chart from on-chain analytics firm Glassnode showed shifting up markedly from around the time BTC/USD hit lows of $17,600 this month.As CointelegraphCME futures gap looms largeCointelegraph contributor Michaël van de Poppe eyed the need to crack $21,600 definitively in order to secure the chances of further upside. Additionally, last week's closing price of $21,100 on CME Group's Bitcoin futures could provide a short-term target.
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