Bitcoin focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range. S&P 500 sealed its second best week of 2022, indicative of modest relief across risk assets.

Bitcoin was on track to log slights gains at its weekly close. It was the first weekly green candle — albeit small — since May. A retest of the lows can come as fast as a rip to $24k, according to on-chain analytics resource Material Indicators.

BTC/USD was trading just below the 200-week moving average (WMA) Below spot price, there was little support in terms of volume until $19,000, while conversely, heavy resistance lay just north of $22,000. Several tokens stood around 30% higher than seven days previously at the time of writing.

Shiba Inu (SHIB) was up 50% versus last week, while Polygon (MATIC) stole the show with 70% weekly gains. For Cointelegraph contributor Michaël van de Poppe, there was still every reason to enter crypto markets now.
Posted by WA wagmi
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