{"id":436723,"date":"2022-04-24T18:07:57","date_gmt":"2022-04-24T15:07:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms\/"},"modified":"2022-04-24T18:07:57","modified_gmt":"2022-04-24T15:07:57","slug":"bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms\/","title":{"rendered":"# Bitcoin sets up lowest weekly close since early March as 4th red candle looms"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d8cff0f14b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d8cff0f14b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms\/#%E2%80%9D_Bitcoin_sets_up_lowest_weekly_close_since_early_March_as_4th_red_candle_looms_%E2%80%9C\" >&#8221; Bitcoin sets up lowest weekly close since early March as 4th red candle looms &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms\/#Binance_bids_slowly_thin_below_spot\" >Binance bids slowly thin below spot<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms\/#France_keeps_markets_on_edge\" >France keeps markets on edge<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_sets_up_lowest_weekly_close_since_early_March_as_4th_red_candle_looms_%E2%80%9C\"><\/span>&#8221; Bitcoin sets up lowest weekly close since early March as 4th red candle looms &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/bab90a77-1865-43f6-b53d-abbc1aaa3770.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Binance_bids_slowly_thin_below_spot\"><\/span>Binance bids slowly thin below spot<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD failing to retake the $40,000 mark after losing it before the weekend.<\/p>\n<p>As traders braced for classic volatility into the weekly close, Bitcoin looked decidedly un<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>etizing. At $39,500 on Bitstamp, the spot price at the time of writing would constitute the lowest weekly close since the week of March 7.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/099490aa-8937-4590-87f0-45ac75e0725e.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>&#8220;Pretty obvious uptrend since mid-to-late January imo. If we have our 4th RED weekly close today could be bad though,&#8221; <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> account CryptoBull <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RealCryptoBull9\/status\/1518230694106914817\">commented<\/a> in a discussion with popular analysts Johal Miles and Pentoshi. <\/p>\n<p>Four red weekly candles in a row would be a rare event, the account added, noting its absence for the past two years on the weekly chart.<\/p>\n<p>&#8220;Hasn&#8217;t happened since 6\/2020. But after that happened we went to up to ATH,&#8221; it wrote.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/RealCryptoBull9\/status\/1518230694106914817\/photo\/1\"><\/a><\/p>\n<p>Data from on-chain monitoring resource Material Indicators meanwhile showed thinning bids below spot price, which nonetheless continued to retest $40,000 resistance.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/ed7d0ca8-8e12-409f-b738-d9ae79eb5bdc.png\"><figcaption style=\"text-align: center;\"><em>Binance order book data chart. Source: Material Indicators<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"France_keeps_markets_on_edge\"><\/span>France keeps markets on edge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Outside technical signals, attention focused on France Sunday as the Presidential elections came to a close.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin funding rates show demand to short BTC as $40K becomes resistance<\/em><\/strong><\/p>\n<p>With incumbent Emmanuel Macron expected to win a second term, warnings nonetheless painted a dire market reaction in the event that his rival, Marine Le Pen, won the presidency.<\/p>\n<p>\u201cIt would be a terrible day for markets,\u201d Ariane Hayate, fund manager at Edmond de Rothschild Asset Management, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-24\/investors-set-on-macron-victory-are-vulnerable-to-le-pen-shock\">told<\/a> Bloomberg. <\/p>\n<blockquote><p>\u201cThe first impact would be on the French 10-year bond yield that could go through the roof.\u201d<\/p><\/blockquote>\n<p>As Cointelegraph reported, the European Union&#8217;s financial fragility has been brought to the fore as inflation soars and central bank balance sheet reductions have yet to kick in.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-sets-up-lowest-weekly-close-since-early-march-as-4th-red-candle-looms\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin sets up lowest weekly close since early March as 4th red candle looms &#8220; Bitcoin (BTC) stayed below $40,000 on April 24 as the weekly close looked set to be a painful one for bulls.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance bids slowly thin below spot Data from Cointelegraph Markets Pro&#8230;<\/p>\n","protected":false},"author":1,"featured_media":436724,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYjBhODVlYjAtMGNkMi00ZmFhLWI0NjYtMGQ0Njc4ZjEwZjI3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-436723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/436723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=436723"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/436723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/436724"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=436723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=436723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=436723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}