
A good friend of mine would say "life is just to see our children grow up", and I apply this to Bitcoin because the cryptocurrency is our family, it is that child we have adopted financially and today we see it grow and grow, and we must take care of it so that it grows in a healthy way.
As you already know I like to read and follow the opinion articles of my friend William Suberg, by the way he uploaded an interesting post on how the Bitcoin price action weighted the highs of two months ago and looks to soon surpass the $32,000 level, which marks in my view a high probability to take profits in that area.
One of the approaches that most appealed to me is that Suberg, argued that Bitcoin managed to consolidate below $30,000 with the weekly close being of interest to market analysts, and also to institutional investors.
Now, "With volatility still evident, market participants argued that a weekly candle close was needed to establish the true staying power of the rally."
In this regard and according to the stance of Keith Alan, co-founder of Material Indicators, "the 100-week moving average at USD 28,627 was especially important. He also indicated that "This move is one to watch, but what I am watching right now is to see if this weekly candle closes above the 100-week MA and if next week's candle can stay above it without wicks below it."
I would like to know your appreciation on the one discussed here.

SOURCES CONSULTED
Cointelegraph. Bitcoin: Why long-term hodlers have the power? BTC price hits 2-month high amid bet Bitcoin will break $32K ‘soon’. Link

OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph


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