Bitcoin (BTC) Closes Week Above $21K, Is Bullish Reversal In Sight?

The expectation of every crypto investor this month is to see some bullish trends in the market. Many top assets have recorded more pullbacks than rallies in the months following the overall market crash. Every week starts and ends with a new trend for the green or the reds. This uncertainty has kept everyone guessing and scared of imminent losses if the bearish trend continues. But it seems that the week beginning from September 5 to 12 brought a lot of bullish moves for many cryptos. Related Reading: Why Ethereum Price Is Unlikely To Dump After “The Merge” There were some pullbacks, but the rallies seemed to take the upper hand as the week ended. For instance, Bitcoin closed the week above $21 after struggling to reach the $20K mark without success. BTC price from September 5 was $19,988 and continued dropping until it reached $19,328 at the opening of markets on September 9. Before the market closed the same day, BTC spiked above $20 to hit $21,381.15. Indicators of an Imminent Bullish Trend After ending the week above $21K, Bitcoin climbed past that price level to reach $22,122.04 on Monday, September 12. Analysts have studied other indicators of a possible bullish reversal for the number one crypto. First, BTC’s sharp bounce in the first week of September created a long lower wick indicating buying pressure. Also, the coin price hit a bullish close of $21,826 after maintaining a $19400 horizontal support area since ...