Bitcoin could see its highest weekly close in 3 weeks as $23,000 stays in play for traders.
conserve its prior gainsAmong analysts, excitement was palpable going into the new week, one which should prove pivotal for short-term crypto price action.
The Ethereum Merge and fresh United States inflation data were the top catalysts expected to influence the market. “Expect volatility to pick up around next week's economic data,” on-chain monitoring resource Material Indicators“In the meantime, remember...THIS is a rally. If you don't take profit along the way, you risk giving it all back.”
An accompanying chart showed the Binance BTC/USD order book providing solid resistance near $21,500, a zone which bulls subsequently appeared to overcome.For popular account Il Capo of Crypto, meanwhile, there was room for additional upside.
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