$BTC had a rough start to the year, but its dominance is on the rise again as it had its highest weekly close this year
has just hit a new milestone: it has recorded the highest weekly close of 2023. This achievement may appear as just another number to the uninitiated, but for market insiders and savvy investors, it is a development of considerable significance. The reason for this lies in the classic pattern of technical analysis known as a"higher high" that Bitcoin has managed to form on its weeklyHigher highs and higher lows on a chart signal a clear uptrend.
This new development has multiple implications. Firstly, it is a vital bullish signal that can help stimulate fresh liquidity and encourage investment inflows. Technical traders and investors, who are always on the lookout for signs of potential breakouts or trend reversals, are likely to interpret this positively.
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