Bitcoin (BTC) retested $ 47,000 on September 19 as the weekly close looked likely to depend on the CME futures spread.
Bitcoin closes the loop after clearing the gains
Data from TBEN Markets Pro and TradingView showed mixed signals from BTC / USD at the end of the week.
Saturday had seen a stronger rally from the pair, which then gave way to range behavior amid a lack of clear direction.
“It happens quite often in the markets”, Michaël van de Poppe, TBEN collaborator Explain.
“Slight rally on Saturday for Bitcoin, returning to the CME close on Sunday. CME closed at $ 47,490 on Friday, looks like we’ll open there later in the day as well.”
The closing Bitcoin futures price could thus seal what has been a cautiously bullish week for hodlers, with last week’s close approaching $ 46,000.
A review of buy and sell levels on the main Binance exchange, meanwhile, revealed strong resistance at $ 49,000, which rose in veracity over the weekend. Buy support, on the other hand, still stood at $ 44,000.
Altcoins step impersonator moves to weekly close
It was an equally dull day for altcoins, with the top ten cryptocurrencies copying Bitcoin’s daily losses of around 2.5%.
Related: $ 85,000 Next Stop For Bitcoin As Analysts Predict ‘Explosive’ Fourth Quarter For BTC Price Action
Ethereum’s ETH has lost a bit more, hitting around $ 3,350 at the time of writing – around 2% below its position at the same time a week ago.
As TBEN reported, however, several tokens showed bullish flags during the week, including Solana (SOL).